Core Viewpoint - Mountain Crest Acquisition Corp. V has received a deficiency notification from Nasdaq due to its failure to timely file its Annual Report on Form 10-K and Quarterly Report on Form 10-Q, which are required under Nasdaq Listing Rule 5250(c)(1) [1][2]. Group 1: Compliance Issues - The Company failed to file its Form 10-K for the year ended December 31, 2023, and its Form 10-Q for the quarter ended March 31, 2024, leading to the deficiency notification [1]. - The Company has until September 2, 2024, to submit a plan to regain compliance with Nasdaq's listing rules, with the possibility of an extension of up to 180 days if the plan is accepted [1][3]. Group 2: Company Intentions - The Company intends to file the required reports or submit a compliance plan to Nasdaq as soon as practicable, with a commitment to submit the plan before the September 2 deadline [3]. - There are no assurances regarding the timing of the filings, but the Company is working diligently to complete and file the necessary documents [3]. Group 3: Company Overview - Mountain Crest Acquisition Corp. V is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [4].
Mountain Crest Acquisition Corp. V Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 10-K and Quarterly Report on Form 10-Q