Mountain Crest Acquisition Corp. V Delisted from Nasdaq
Ticker: MCAGU · Form: 8-K · Filed: Nov 19, 2024 · CIK: 1859035
| Field | Detail |
|---|---|
| Company | Mountain Crest Acquisition CORP. V (MCAGU) |
| Form Type | 8-K |
| Filed Date | Nov 19, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards, otc
Related Tickers: MCAG
TL;DR
MCAG is off Nasdaq, now trading OTC Pink. Big downgrade.
AI Summary
Mountain Crest Acquisition Corp. V filed an 8-K on November 14, 2024, reporting its delisting from the Nasdaq Capital Market. The company failed to meet the continued listing requirements, leading to its transfer to OTC Pink. This action was effective as of November 14, 2024.
Why It Matters
This delisting signifies a failure to meet Nasdaq's standards, potentially impacting investor confidence and liquidity for the company's shares.
Risk Assessment
Risk Level: high — Delisting from a major exchange like Nasdaq indicates significant financial or operational distress, posing a high risk to investors.
Key Players & Entities
- Mountain Crest Acquisition Corp. V (company) — Registrant
- Nasdaq Capital Market (company) — Exchange from which delisted
- OTC Pink (company) — New trading venue
- November 14, 2024 (date) — Date of delisting and report
FAQ
What is the primary reason for Mountain Crest Acquisition Corp. V's delisting from the Nasdaq Capital Market?
The filing indicates that Mountain Crest Acquisition Corp. V failed to satisfy the continued listing requirements of the Nasdaq Capital Market.
When was the delisting from the Nasdaq Capital Market effective?
The delisting was effective as of November 14, 2024.
Where will Mountain Crest Acquisition Corp. V's securities be traded following the delisting?
The company's securities will be transferred to OTC Pink.
What is the Commission File Number for Mountain Crest Acquisition Corp. V?
The Commission File Number for Mountain Crest Acquisition Corp. V is 001-40418.
What is the state of incorporation for Mountain Crest Acquisition Corp. V?
Mountain Crest Acquisition Corp. V is incorporated in Delaware.
Filing Stats: 606 words · 2 min read · ~2 pages · Grade level 13.5 · Accepted 2024-11-19 16:50:20
Filing Documents
- mountaincrest5_8k.htm (8-K) — 39KB
- 0001829126-24-007679.txt ( ) — 255KB
- mcag-20241114.xsd (EX-101.SCH) — 3KB
- mcag-20241114_def.xml (EX-101.DEF) — 26KB
- mcag-20241114_lab.xml (EX-101.LAB) — 36KB
- mcag-20241114_pre.xml (EX-101.PRE) — 25KB
- mountaincrest5_8k_htm.xml (XML) — 6KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. EXHIBIT NO. DESCRIPTION 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
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: November 19, 2024 MOUNTAIN CREST ACQUISITION CORP. V By: /s/ Suying Liu Name: Suying Liu Title: Chief Executive Officer 2