Mountain Crest Acquisition Corp. V Files Q2 2025 10-Q

TL;DR

MCAG filed its Q2 2025 10-Q. Financials updated.

AI Summary

Mountain Crest Acquisition Corp. V filed its 10-Q for the period ending June 30, 2025. The filing details financial information for the second quarter and the first half of 2025, including balance sheet data and statements of operations. The company's fiscal year ends on December 31st.

Why It Matters

This filing provides investors with an update on the financial health and performance of Mountain Crest Acquisition Corp. V for the second quarter of 2025.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.

Key Numbers

• 20250630 — Period End Date (The end date for the financial reporting period covered by this 10-Q.)
• 20250819 — Filing Date (The date this 10-Q was officially filed with the SEC.)

Key Players & Entities

• Mountain Crest Acquisition Corp. V (company) — Filer of the 10-Q
• 20250630 (date) — Period of report for the 10-Q
• 20250819 (date) — Filing date of the 10-Q
• 0001859035 (company) — Central Index Key for Mountain Crest Acquisition Corp. V

FAQ

Key Financial Figures

• $0.0001 — s of common stock underlying the units, $0.0001 par value per share, issued and outstan
• $60,000,000 — ring on November 16, 2021, an amount of $60,000,000 ($10.00 per Unit) from the net proceeds
• $10.00 — ber 16, 2021, an amount of $60,000,000 ($10.00 per Unit) from the net proceeds of the
• $0.10 — to the Trust Account an amount equal to $0.10 per outstanding Public Share for each t

Filing Documents

• mountaincrest5_10q.htm (10-Q) — 695KB
• mountaincrest5_ex31-1.htm (EX-31.1) — 14KB
• mountaincrest5_ex31-2.htm (EX-31.2) — 14KB
• mountaincrest5_ex32-1.htm (EX-32.1) — 7KB
• mountaincrest5_ex32-2.htm (EX-32.2) — 6KB
• 0001829126-25-006502.txt ( ) — 4027KB
• mcag-20250630.xsd (EX-101.SCH) — 37KB
• mcag-20250630_cal.xml (EX-101.CAL) — 30KB
• mcag-20250630_def.xml (EX-101.DEF) — 157KB
• mcag-20250630_lab.xml (EX-101.LAB) — 255KB
• mcag-20250630_pre.xml (EX-101.PRE) — 236KB
• mountaincrest5_10q_htm.xml (XML) — 581KB

Financial Information

Part I. Financial Information 1

Financial Statements

Item 1. Financial Statements 1 Balance Sheets as of June 30, 2025 (Unaudited) and December 31, 2024 1 Condensed Statements of Operations for the three and six months ended June 30, 2025 and 2024 (Unaudited) 2 Condensed Statements of Changes in Stockholders' Deficit for the three and six months ended June 30, 2025 and 2024 (Unaudited) 3 Condensed Statements of Cash Flows for the six months ended June 30, 2025 and 2024 (Unaudited) 4 Notes to Condensed Financial Statements (Unaudited) 5

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 28

Quantitative and Qualitative Disclosures Regarding Market Risk

Item 3. Quantitative and Qualitative Disclosures Regarding Market Risk 37

Controls and Procedures

Item 4. Controls and Procedures 37

Other Information

Part II. Other Information 39

Legal Proceedings

Item 1. Legal Proceedings 39

Risk Factors

Item 1A. Risk Factors 39

Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities

Item 2. Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities 39

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 39

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 39

Other Information

Item 5. Other Information 39

Exhibits

Item 6. Exhibits 40

Signatures

Part III. Signatures 41 i

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Interim Financial Statements

Item 1. Interim Financial Statements. MOUNTAIN CREST ACQUISITION CORP. V CONDENSED BALANCE SHEETS June 30, 2025 December 31, 2024 (Unaudited) ASSETS CURRENT ASSETS Cash $ 25,321 $ 116,658 Prepaid expenses and deferred expenses 62,920 40,121 TOTAL CURRENT ASSETS 88,241 156,779 NONCURRENT ASSETS Investments held in Trust Account 1,181,623 1,157,312 TOTAL ASSETS $ 1,269,864 $ 1,314,091 LIABILITIES AND STOCKHOLDERS' DEFICIT CURRENT LIABILITIES Accounts payable and accrued expenses $ 390,814 $ 348,395 Income taxes payable 245,033 284,492 Excise taxes payable 212,457 197,692 Promissory note – related party 920,000 690,000 TOTAL CURRENT LIABILITIES 1,768,304 1,520,579 LONG TERM LIABILITIES Deferred underwriting fee payable 2,070,000 2,070,000 TOTAL LIABILITIES 3,838,304 3,590,579 COMMITMENTS AND CONTINGENCIES Common stock par value, 30,000,000 shares authorized, 101,104 shares issued and outstanding as of June 30, 2025 and December 31, 2024 1,166,352 1,163,879 STOCKHOLDERS' DEFICIT Common Stock; $ 0.0001 par value; 30,000,000 shares authorized; 2,800,900 issued and outstanding (excluding 101,104 shares subject to possible redemption) as of June 30, 2025 and December 31, 2024 281 281 Additional paid-in capital 2,222,629 2,225,421 Accumulated deficit ( 5,957,702 ) ( 5,666,069 ) TOTAL STOCKHOLDERS' DEFICIT ( 3,734,792 ) ( 3,440,367 ) TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 1,269,864 $ 1,314,091 The accompanying notes are an integral part of the unaudited condensed financial statements. 1 MOUNTAIN CREST ACQUISITION CORP. V CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) For the Three Months Ended June 30, For the Six Months Ended June 30, 2025 2024 2025 2024 General and administrative expenses $ 120,471 $ 145,218 $ 311,696 $ 228,987 Loss from operat

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View this 10-Q filing on SEC EDGAR