Announcement • Oct 07
Mountain Crest Acquisition Corp. V, Annual General Meeting, Nov 04, 2025 Mountain Crest Acquisition Corp. V, Annual General Meeting, Nov 04, 2025. Location: telephone access (listen-only):, within the u.s. and canada:, 1 800-450-7155 (toll-free), outside of the u.s. and canada:, +1 857-999-9155 (standard rates apply), United States Announcement • Aug 15
Mountain Crest Acquisition Corp. V announced delayed 10-Q filing On 08/14/2025, Mountain Crest Acquisition Corp. V announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • May 16
Mountain Crest Acquisition Corp. V announced delayed 10-Q filing On 05/15/2025, Mountain Crest Acquisition Corp. V announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Apr 02
Mountain Crest Acquisition Corp. V announced delayed annual 10-K filing On 04/01/2025, Mountain Crest Acquisition Corp. V announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Nov 21
Mountain Crest Acquisition Corp. V(OTCPK:MCAG) dropped from NASDAQ Composite Index Mountain Crest Acquisition Corp. V has been dropped from the NASDAQ Composite Index. Announcement • Nov 20
Mountain Crest Acquisition Corp. V Receives Notice from Nasdaq Due to Non-Compliance with Nasdaq Interpretive Material IM-5101-2 Mountain Crest Acquisition Corp. V (the ‘Company’) received a notice, dated November 14, 2024 (the ‘Notice’) from the Nasdaq Stock Market LLC (‘Nasdaq’), stating that the Company did not comply with Nasdaq Interpretive Material IM-5101-2, and that its securities are now subject to delisting. The Company’s registration statement, filed in connection with the Company’s IPO, became effective on November 12, 2021. Pursuant to IM-5101-2, the Company, a special purpose acquisition company, must complete one or more business combinations within 36 months of the effectiveness of its IPO registration statement. Since the Company did not complete its initial business combination by November 12, 2024, the Company did not comply with IM-5101-2, and its securities are now subject to delisting. Unless the Company requests a timely appeal of this determination by Nasdaq, trading of the Company’s securities on Nasdaq will be suspended at the opening of business on November 21, 2024, and a Form 25-NSE will be filed with the Securities and Exchange Commission (the ‘SEC’), which will remove the Company’s securities from listing on The Nasdaq Stock Market. The Company will not appeal Nasdaq’s determination to delist the Company securities and accordingly, the Company’s securities will be suspended from trading on Nasdaq at the opening of business on November 21, 2024. However, the Company expects its securities will commence trading on the over-the-counter market on November 21, 2024. Announcement • Oct 31
Mountain Crest Acquisition Regains Compliance with the Listing Rule 5250(c)(1) As previously disclosed, Mountain Crest Acquisition Corp. V received a deficiency notification letter (the Notice") from The Nasdaq Stock Market LLC (Nasdaq") on September 13, 2024, notifying the Company that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the Listing Rule"), which requires companies with securities listed on Nasdaq to timely file all required periodic reports with the U.S. Securities and Exchange Commission (the SEC"), as a result of the Company's failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 (the 1st Q Form 10-Q") and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (the 2nd Q Form 10-Q"). The Notice stated further that the Company had until September 16, 2024 to submit a plan to regain compliance with the Listing Rule with respect to the 1st Q Form 10-Q and the 2nd Q Form 10-Q, and that the Company may have until October 14, 2024 to regain compliance with the Listing Rule. On September 13, 2024, the Company filed the 1st Q Form 10-Q with the SEC. Then on September 16, 2024, the Company submitted a letter to Nasdaq setting the Company's plan to regain compliance with the Listing Rule. The Company also requested Nasdaq to provide the Company until October 14, 2024, to regain compliance with the Listing Rule. On October 4, 2024, the Company filed the 2nd Q Form 10-Q with the SEC. On October 30, 2024, the Company received a letter from Nasdaq stating that the Company had regained compliance with the Listing Rule and that the matter is now closed. Announcement • Oct 11
Mountain Crest Acquisition Corp. V, Annual General Meeting, Nov 08, 2024 Mountain Crest Acquisition Corp. V, Annual General Meeting, Nov 08, 2024. Announcement • Sep 19
Mountain Crest Acquisition Corp. V Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Reports on Form 10-Q and Makes Progress Towards Regaining Compliance Mountain Crest Acquisition Corp. V (the ‘Company’) announced that it received an expected deficiency notification letter from the staff (the ‘Staff’) of The Nasdaq Stock Market LLC (‘Nasdaq’) on September 13, 2024 (the ‘Notice’). The Notice indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the ‘Listing Rule’) as a result of its failure to timely file (i) its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 (the ‘Q1 10-Q’), as described more fully in the Company’s Form 12b-25 Notification of Late Filing filed with the Securities and Exchange Commission (the ‘SEC’) on April 2, 2024 and (ii) its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (the ‘Q2 10-Q’), as described more fully in the Company’s Form 12b-25 Notification of Late Filing filed with the SEC on August 14, 2024. The Staff also noted that the Company did not timely file its Form 10-K for the period ended December 31, 2023 (the ‘Form 10-K’). While the Company has since filed the Form 10-K on August 26, 2024, the maximum extension which Staff may grant for filing the First Quarter 10-Q and Second Quarter 10-Q will still be based upon the filing deadline for the Form 10-K as per the procedure set by Listing Rule 5810(F). As such, the Company has until September 16, 2024 to submit a plan to regain compliance with the Listing Rule with respect to the delayed First Quarter 10-Q and Second Quarter 10-Q and the Staff’s exception to allow the Company to regain compliance, if granted, will be limited to a maximum of 180 calendar days from the due date of the Form 10-K, or October 14, 2024. The Company has made progress towards regaining compliance. In particular, on September 13, 2024, the Company filed the First Quarter 10-Q with the SEC. Then on September 16, 2024, the Company submitted a letter to Nasdaq setting the Company’s plan to regain compliance with the Listing Rule. The Company also requested the Staff to provide an exception to allow the Company to regain compliance with the Listing Rule, by filing the Second Quarter 10-Q, to October 14, 2024. Announcement • Aug 15
Mountain Crest Acquisition Corp. V announced delayed 10-Q filing On 08/14/2024, Mountain Crest Acquisition Corp. V announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Jul 25
Mountain Crest Acquisition Corp. V Provides Non-Compliance Update As previously disclosed in a Form 12b-25 Notification of Late Filing filed by Mountain Crest Acquisition Corp. V (the Company") on April 2, 2024, the Company is delayed in filing its Annual Report on Form 10-K for the year ended December 31, 2023 (the Form 10-K") with the U.S. Securities and Exchange Commission (the SEC"). Also as previously disclosed in a Form 12b-25 Notification of Late Filing filed by the Company on May 15, 2024, the Company is delayed in filing its Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 (the Form 10-Q") with the SEC. On July 18, 2024, the Company received a notice (the Notice") from The Nasdaq Stock Market LLC (Nasdaq") notifying the Company that, because the Company is delinquent in filing its Form 10-K and Form 10-Q, the Company no longer complies with Nasdaq Listing Rule 5250(c)(1) (the Listing Rule"), which requires companies with securities listed on Nasdaq to timely file all required periodic reports with the SEC. The Notice has no immediate effect on the listing or trading of the Company's common stock, units or rights on the Nasdaq Capital Market. In accordance with Nasdaq's listing rules, the Company has 60 calendar days, or until September 2, 2024, after the Notice to submit a plan of compliance (the Plan") to Nasdaq addressing how the Company intends to regain compliance with Nasdaq's listing rules, and Nasdaq has the discretion to grant the Company up to 180 calendar days from the due date of the Form 10-K, or October 14, 2024, to regain compliance. The Company intends to file the Form 10-K and the Form 10-Q or to submit a compliance plan to Nasdaq and take the necessary steps to regain compliance with Nasdaq's listing rules as soon as practicable, but in any case such plan to be submitted prior to September 2, 2024. While the Company can provide no assurances as to timing, the Company will continue to work diligently to complete and file the Form 10-K and the Form 10-Q as soon as practicable. Announcement • Jun 08
Mountain Crest Acquisition Corp. V Regains Compliance with Nasdaq's MVLS Rule As previously disclosed, on December 13, 2023, Mountain Crest Acquisition Corp. V (Mountain Crest V") received a notification letter from the Nasdaq Stock Market LLC (Nasdaq"), stating that the Company's listed securities failed to comply with the $35,000,000 market value of listed securities (MVLS") requirement for continued listing on The Nasdaq Capital Market in accordance with Nasdaq Listing Rule 5550(b)(2) (the MVLS Rule") based upon the Company's MVLS for the 30 consecutive business days prior to the date of the Notice. On June 5, 2024, the Company received a notification letter from Nasdaq stating that for the last 10 consecutive business days, from May 21, 2024 to June 4, 2024, the Company's MVLS has been $35,000,000 or greater. Accordingly, the Company has regained compliance with the MVLS Rule and this matter is now closed. Announcement • May 17
Mountain Crest Acquisition Corp. V announced delayed 10-Q filing On 05/15/2024, Mountain Crest Acquisition Corp. V announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Apr 03
Mountain Crest Acquisition Corp. V announced delayed annual 10-K filing On 04/02/2024, Mountain Crest Acquisition Corp. V announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Dec 20
Mountain Crest Acquisition Corp. V Receives Non-Compliance Notice From Nasdaq On December 13, 2023, Mountain Crest Acquisition Corp. V, a Delaware corporation (the “Company”), received a notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”), stating that the Company’s listed securities failed to comply with the $35,000,000 market value of listed securities (“MVLS”) requirement for continued listing on The Nasdaq Capital Market in accordance with Nasdaq Listing Rule 5550(b)(2) based upon the Company’s MVLS for the 30 consecutive business days prior to the date of the Notice. The Notice has no immediate effect on the listing of the Company’s securities on Nasdaq and in accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has been provided a period of 180 calendar days, or until June 10, 2024, in which to regain compliance. In order to regain compliance, the MVLS of the Company must close at $35,000,000 or more for a minimum of ten consecutive business days during this 180-day period. There can be no assurance that the Company will be able to regain compliance with the MVLS requirement, or maintain compliance with the other Nasdaq continued listing requirements. Announcement • Nov 15
Mountain Crest Acquisition Corp. V announced delayed 10-Q filing On 11/14/2023, Mountain Crest Acquisition Corp. V announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Oct 27
Mountain Crest Acquisition Corp. V Announces Listing Transfer to the Nasdaq Capital Market Mountain Crest Acquisition Corp. V announced that it has received approval from the Nasdaq Stock Market (“Nasdaq”) to transfer the listing of its securities from the Nasdaq Global Market to the Nasdaq Capital Market. The Company’s common stock, units and rights will continue to trade under the symbols “MCAG,” “MCAGU” and “MCAGR,” respectively and trading of its common stock, units and rights will be unaffected by this transfer. This transfer will be effective as of the opening of business on October 27, 2023. As previously disclosed, the Company received notifications from Nasdaq indicating the Company failed to comply with certain continued listing requirements for the Nasdaq Global Market. Upon the transfer of the listing of the Company’s securities to the Nasdaq Capital Market on October 27, 2023, each of the deficiencies will be resolved because the Company will no longer be subject to the continued listing requirements for the Nasdaq Global Market. Announcement • Aug 09
Mountain Crest Acquisition Corp. V, Annual General Meeting, Aug 21, 2023 Mountain Crest Acquisition Corp. V, Annual General Meeting, Aug 21, 2023, at 13:00 US Eastern Standard Time. Agenda: To consider the proposal to amend (the "Charter Amendment") the Company's amended and restated certificate of incorporation, as amended ;to consider the proposal to remove the restriction proscribing the Company from consummating an initial business combination with a target business with its principal business operations in China; to consider the proposal to ratify the appointment of UHY LLP, as our independent registered public accounting firm for the year ending December 31, 2023; and to consider other matter also. Announcement • Jul 23
Mountain Crest Acquisition Receives A Determination Letter from Nasdaq Advising Nasdaq Staff Accepting the Plan to Regain Compliance with PHS Requirement As previously disclosed, on May 18, 2023, Mountain Crest Acquisition Corp. V, a Delaware corporation (the “Company”), received a notice from the Nasdaq Stock Market LLC (“Nasdaq”), stating that the Company no longer satisfies the requirement to maintain a minimum of 1,100,000 publicly held shares (the “PHS Requirement”) for continued listing on The Nasdaq Global Market, according to the number of publicly held shares reported on its Form 8-K for May 12, 2023. The Company was provided 45 calendar days, or until July 3, 2023, to submit a plan to Nasdaq to regain compliance with the PHS Requirement. The Company submitted such plan on June 30, 2023. On July 18, 2023, the Company received a determination letter from Nasdaq advising it that the Nasdaq Staff has accepted the Company’s plan to regain compliance with the PHS Requirement provided that, on or before November 14, 2023, the Company must file with the SEC and Nasdaq a public document containing its current total shares outstanding and a beneficial ownership table in accordance with the SEC Proxy Rules. If the Company fails to file such public document by November 14, 2023, the Company may receive a notice that its securities will be delisted. In that case, the Company will have the opportunity to appeal that decision to a Listing Qualifications Panel. Announcement • May 24
Mountain Crest Acquisition Corp. V Receives Non-Compliance Notice From Nasdaq On May 18, 2023, Mountain Crest Acquisition Corp. V received a notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”), stating that the Company no longer complies with the requirement to maintain a minimum of 1,100,000 publicly held shares for continued listing on The Nasdaq Global Market, according to the number of publicly held shares reported on its Form 8-K for May 12, 2023. The Notice has no immediate effect on the listing of the Company’s securities on Nasdaq. The Company has been provided 45 calendar days, or until July 3, 2023, to submit a plan to Nasdaq to regain compliance. If the plan is accepted, Nasdaq can grant an extension of up to 180 calendar days from the date of the Notice, or until November 14, 2023, to evidence compliance. If the plan is not accepted, the Company will have the right to appeal, and the Company’s securities would remain listed on The Nasdaq Global Market until completion of the appeal process. To regain compliance, the Company must maintain a minimum of 1,100,000 publicly held shares. Alternatively, the Company may consider applying for a transfer to The Nasdaq Capital Market. The Company is currently evaluating various courses of action to regain compliance, and the Company intends to submit a plan with Nasdaq before July 3, 2023 to maintain its Nasdaq listing. As previously disclosed, on April 3, 2023, the Company received a notice from the Nasdaq, stating that the Company’s listed securities failed to comply with the $50,000,000 market value of listed securities (“MVLS”) requirement for continued listing on The Nasdaq Global Market in accordance with Nasdaq Listing Rule 5450(b)(2)(A) based upon the Company’s MVLS for the 30 consecutive business days prior to the date of the notice. The Company has submitted its application for the transfer to The Nasdaq Capital Market. There can be no assurance that the Company will be able to regain compliance with the MVLS requirement, regain compliance with the requirement of minimum of 1,100,000 publicly held shares, maintain compliance with the other Nasdaq continued listing requirements or transfer to The Nasdaq Capital Market. Announcement • Oct 22
AUM Biosciences Pte. Ltd. entered into a definitive business combination agreement to acquire Mountain Crest Acquisition Corp. V (NasdaqGM:MCAG) from Mountain Crest Global Holdings LLC and others for approximately $400 million in a reverse merger transaction. AUM Biosciences Pte. Ltd. entered into a definitive business combination agreement to acquire Mountain Crest Acquisition Corp. V (NasdaqGM:MCAG) from Mountain Crest Global Holdings LLC and others for approximately $400 million in a reverse merger transaction on October 19, 2022. As part of the transaction, all outstanding AUM shares will be cancelled in exchange for approximately 40 million Holdco ordinary shares valued at $10 per Holdco share, subject to closing adjustments. The transaction reflects a pre-money equity value of $400 million for AUM. Upon closing of the transaction, the combined company will operate under a holding entity to be formed as a Cayman Islands exempted company (“Holdco”) and intends to trade on the Nasdaq Stock Market under the ticker symbol AUMB. Upon closing of the transaction, Vishal Doshi, AUM’s Chief Executive Officer, will continue to lead Holdco as Chief Executive Officer. Mountain Crest shall pay a termination fee of $1.75 million to AUM. The transaction will require the approval of the stockholders of both Mountain Crest and AUM, the effectiveness of the F-4 Registration Statement, Holdco’s initial listing application with Nasdaq shall have been conditionally approved, SPAC having a minimum of $5,000,001 of net tangible assets, Lock-Up Agreement duly executed by the shareholders representing at least 93% of outstanding Company Shares, SPAC shall have delivered executed counterparts to the Ancillary Agreements to AUM and is subject to other customary closing conditions, including the receipt of certain regulatory approvals. The Boards of Directors of each of Mountain Crest and AUM have approved the transaction. The transaction is expected to close in the first quarter of 2023. The transaction is expected to provide approximately $69 million of cash held in Mountain Crest’s trust account, assuming no redemptions. Global Fund LLC is acting as M&A advisor to AUM. Andrew P. Gilbert of DLA Piper LLP (US) is serving as legal counsel to AUM. Mitchell Nussbaum of Loeb & Loeb LLP is serving as legal counsel to Mountain Crest. Recent Insider Transactions • Oct 22
Chairman recently sold US$1.0m worth of stock On the 19th of October, Suying Liu sold around 100k shares on-market at roughly US$10.00 per share. This transaction amounted to 5.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Suying's only on-market trade for the last 12 months.