MCAG Faces Nasdaq Delisting Notice
Ticker: MCAGU · Form: 8-K · Filed: Jun 7, 2024 · CIK: 1859035
| Field | Detail |
|---|---|
| Company | Mountain Crest Acquisition CORP. V (MCAGU) |
| Form Type | 8-K |
| Filed Date | Jun 7, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $35,000,000 m, $35,000,000 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards, spac
Related Tickers: MCAG
TL;DR
MCAG got a delisting notice from Nasdaq, stock might be in trouble.
AI Summary
Mountain Crest Acquisition Corp. V (MCAG) announced on June 5, 2024, that it received a notice from the Nasdaq Stock Market indicating a failure to meet continued listing requirements. The company is a blank check company incorporated in Delaware.
Why It Matters
This filing indicates potential delisting from Nasdaq, which could significantly impact the liquidity and trading of MCAG's securities.
Risk Assessment
Risk Level: high — Receiving a delisting notice from a major stock exchange like Nasdaq poses a significant risk to the company's continued trading and investor confidence.
Key Players & Entities
- Mountain Crest Acquisition Corp. V (company) — Registrant
- MCAG (company) — Ticker Symbol
- Nasdaq Stock Market (company) — Exchange
- June 5, 2024 (date) — Date of Report
FAQ
What specific continued listing requirements did Mountain Crest Acquisition Corp. V fail to meet?
The filing states that the company received a notice from the Nasdaq Stock Market indicating a failure to meet continued listing requirements, but does not specify which requirements were not met.
What is the effective date of this report?
The date of the report is June 5, 2024, and the date as of change is also June 5, 2024.
What is the principal executive office address for Mountain Crest Acquisition Corp. V?
The principal executive offices are located at 524 Broadway, 11th Floor, New York, NY 10012.
What is the Commission File Number for this filing?
The Commission File Number is 001-40418.
What is the Standard Industrial Classification code for Mountain Crest Acquisition Corp. V?
The Standard Industrial Classification code is 6770, which corresponds to BLANK CHECKS.
Filing Stats: 489 words · 2 min read · ~2 pages · Grade level 13.4 · Accepted 2024-06-07 06:30:22
Key Financial Figures
- $35,000,000 m — ed securities failed to comply with the $35,000,000 market value of listed securities ("MVLS"
- $35,000,000 — ne 4, 2024, the Company's MVLS has been $35,000,000 or greater. Accordingly, the Company ha
Filing Documents
- mountaincrest5_8k.htm (8-K) — 40KB
- 0001829126-24-004000.txt ( ) — 255KB
- mcag-20240605.xsd (EX-101.SCH) — 3KB
- mcag-20240605_def.xml (EX-101.DEF) — 26KB
- mcag-20240605_lab.xml (EX-101.LAB) — 36KB
- mcag-20240605_pre.xml (EX-101.PRE) — 25KB
- mountaincrest5_8k_htm.xml (XML) — 6KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: June 7, 2024 MOUNTAIN CREST ACQUISITION CORP. V By: /s/ Suying Liu Name: Suying Liu Title: Chief Executive Officer 2