MCAG on OTC
Mountain Crest Acquisition Corp. V
In its 2026 annual report the company says: “We are a blank check company formed under the laws of the State of Delaware on April 8, 2021.”3 It is headquartered in New York, New York.1 Its shares trade on OTC under the symbol MCAG.1
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Last updated Oct 21, 2026.
Overview
- TickerMCAG on OTC1
- IndustrySurgical & Medical Instruments & Apparatus1
- HeadquartersNew York, New York1
- Incorporated inDE2
- Business address524 Broadway, 11Th Floor, New York, Ny 100122
- Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2
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We are a blank check company formed under the laws of the State of Delaware on April 8, 2021. We were formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this annual report as our initial business combination. Although there is no restriction or limitation on what industry or geographic region our target operates in, it is our intention to pursue prospective targets that are in North America and Asia Pacific regions (excluding China). We shall not undertake our initial business combination with a target business with its principal business operations in China (including Hong Kong and Macau).3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| General and administrative expenses | $471.8K | $618.5K |
| Loss from operations | -$471.8K | -$618.5K |
| Interest earned on investments held in Trust Account | $46.1K | $265.3K |
| Reversal of prior year interest and penalties on excise tax payable | $3.4K | |
| Interest expense | -$1.4K | |
| Forgiveness of debt | $26.0K | |
| Total other income, net | $49.5K | $289.9K |
| Loss before provision for income taxes | -$422.3K | -$328.6K |
| Provision for income taxes | -$8.9K | -$45.9K |
| Net loss | -$431.2K | -$374.5K |
| Weighted average shares outstanding of redeemable common stock | 96.6K shares | 458.8K shares |
| Weighted average shares outstanding of non-redeemable common stock | 2.8M shares | 2.8M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 6 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2025-11-30 | 2024-12-31 | 2023-12-31 | 2021-05-31 |
|---|---|---|---|---|---|
| Cash | $11.9K | $116.7K | |||
| Prepaid expenses and deferred expenses | $21.0K | $40.1K | |||
| TOTAL CURRENT ASSETS | $32.9K | $156.8K | |||
| Investments held in Trust Account | $840.6K | $1.2M | |||
| TOTAL ASSETS | $873.6K | $1.3M | |||
| Accounts payable and accrued expenses | $271.0K | $348.4K | |||
| Income taxes payable | $81.5K | $284.5K | |||
| Excise taxes payable | $3.4K | $197.7K | |||
| Promissory note related party | $1.3M | $690.0K | |||
| TOTAL CURRENT LIABILITIES | $1.7M | $1.5M | |||
| Deferred underwriting fee payable | $2.1M | $2.1M | |||
| TOTAL LIABILITIES | $3.7M | $3.6M | |||
| Common stock subject to possible redemption, $0.0001 par value, 30,000,000 shares authorized, 72,123 and 101,104 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $835.5K | $1.2M | $5.6M | ||
| Common Stock; $0.0001 par value; 30,000,000 shares authorized; 2,800,900 issued and outstanding (excluding 72,123 and 101,104 shares subject to possible redemption) as of December 31, 2025 and 2024, respectively | $281 | $281 | |||
| Additional paid-in capital | $2.2M | $2.2M | |||
| Accumulated deficit | -$5.9M | -$5.7M | |||
| TOTAL STOCKHOLDERS DEFICIT | -$3.7M | -$3.4M | -$3.3M | ||
| TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT | $873.6K | $1.3M | |||
| Common stock subject to possible redemption, par value | $0.00 | $0.00 | |||
| Common stock subject to possible redemption | 30.0M shares | 30.0M shares | |||
| Common stock subject to possible redemption, shares issued | 72.1K shares | 101.1K shares | |||
| Common stock subject to possible redemption, shares outstanding | 72.1K shares | 101.1K shares | |||
| Common stock, par value | $0.00 | $0.00 | |||
| Common stock, shares authorized | 30.0M shares | 30.0M shares | |||
| Common stock, shares issued | 2.8M shares | 2.8M shares | 1.4M shares | ||
| Common stock, shares outstanding | 2.8M shares | 2.8M shares | 1.4M shares |
| Period ending | 2025-12-31 | 2025-11-30 | 2024-12-31 | 2023-12-31 | 2021-05-31 | 2021-03-31 |
|---|---|---|---|---|---|---|
| Cash | $11.9K | $116.7K | ||||
| Prepaid expenses and deferred expenses | $21.0K | $40.1K | ||||
| TOTAL CURRENT ASSETS | $32.9K | $156.8K | ||||
| Investments held in Trust Account | $840.6K | $1.2M | ||||
| TOTAL ASSETS | $873.6K | $1.3M | ||||
| Accounts payable and accrued expenses | $271.0K | $348.4K | ||||
| Income taxes payable | $81.5K | $284.5K | ||||
| Excise taxes payable | $3.4K | $197.7K | ||||
| Promissory note related party | $1.3M | $690.0K | ||||
| TOTAL CURRENT LIABILITIES | $1.7M | $1.5M | ||||
| Deferred underwriting fee payable | $2.1M | $2.1M | ||||
| TOTAL LIABILITIES | $3.7M | $3.6M | ||||
| Common stock subject to possible redemption, $0.0001 par value, 30,000,000 shares authorized, 72,123 and 101,104 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $835.5K | $1.2M | $5.6M | |||
| Common Stock; $0.0001 par value; 30,000,000 shares authorized; 2,800,900 issued and outstanding (excluding 72,123 and 101,104 shares subject to possible redemption) as of December 31, 2025 and 2024, respectively | $281 | $281 | ||||
| Additional paid-in capital | $2.2M | $2.2M | ||||
| Accumulated deficit | -$5.9M | -$5.7M | ||||
| TOTAL STOCKHOLDERS DEFICIT | -$3.7M | -$3.4M | -$3.3M | |||
| TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT | $873.6K | $1.3M | ||||
| Common stock subject to possible redemption, par value | $0.00 | $0.00 | ||||
| Common stock subject to possible redemption | 30.0M shares | 30.0M shares | ||||
| Common stock subject to possible redemption, shares issued | 72.1K shares | 101.1K shares | ||||
| Common stock subject to possible redemption, shares outstanding | 72.1K shares | 101.1K shares | ||||
| Common stock, par value | $0.00 | $0.00 | ||||
| Common stock, shares authorized | 30.0M shares | 30.0M shares | ||||
| Common stock, shares issued | 2.8M shares | 2.8M shares | 1.4M shares | |||
| Common stock, shares outstanding | 2.8M shares | 2.8M shares | 1.4M shares | 1.4M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$431.2K | -$374.5K |
| Interest earned on investments held in Trust Account | -$46.1K | -$265.3K |
| Interest expense | $1.4K | |
| Forgiveness of debt | -$26.0K | |
| Prepaid expenses and deferred expenses | $19.1K | -$31.0K |
| Accounts payable and accrued expenses | -$77.4K | -$224.2K |
| Excise tax payable | -$3.4K | $3.4K |
| Income taxes payable | -$203.0K | -$5.1K |
| Net cash used in operating activities | -$742.0K | -$921.2K |
| Investment of cash into Trust Account | -$155.8K | |
| Cash withdrawn from Trust Account to pay franchise and income taxes | $27.2K | $140.4K |
| Cash withdrawn from Trust Account in connection with redemption | $335.5K | $4.7M |
| Net cash provided by investing activities | $362.8K | $4.7M |
| Proceeds from promissory note related party | $610.0K | $1.1M |
| Repayment of promissory note | -$52.9K | |
| Redemption of common stock | -$335.5K | -$4.7M |
| Net cash provided by (used in) financing activities | $274.5K | -$3.7M |
| Net Change in Cash | -$104.7K | $100.6K |
| Accretion for common stock to redemption amount | $7.1K | $321.4K |
| Excise tax payable attributable to redemption of common stock | $47.4K | |
| Reversal of excise tax payable attributable to redemption of common stock | $194.3K | |
| Conversion of promissory note related party | $600.0K | |
| Prepaid expenses and deferred expenses unamortized part of annual service fee | $9.2K | $9.2K |
| Accounts payable for prepaid expenses and deferred expenses unamortized part of annual service fee | $9.2K | $9.2K |
No quarter-by-quarter statement was filed.
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Corporate structure
Mountain Crest Acquisition Corp. V sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Mountain Crest Acquisition Corp. V
- Mountain Crest Global Holdings LLC Filed SCHEDULE 13G/A on Mountain Crest Acquisition Corp. V, latest Feb 12, 2026 (4 filings since Feb 14, 2022)
- METEORA CAPITAL, LLC Filed SC 13G/A on Mountain Crest Acquisition Corp. V, latest Dec 6, 2024 (4 filings since Jun 12, 2023)
- Polar Asset Management Partners Inc. Filed SC 13G/A on Mountain Crest Acquisition Corp. V, latest Feb 12, 2024 (2 filings since Feb 10, 2023)
- Owl Creek Asset Management, L.P. Filed SC 13G/A on Mountain Crest Acquisition Corp. V, latest Feb 5, 2024 (2 filings since Feb 9, 2023)
- Karpus Management, Inc. Filed SC 13G/A on Mountain Crest Acquisition Corp. V, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
- Saba Capital Management, L.P. Filed SC 13G/A on Mountain Crest Acquisition Corp. V, latest Feb 14, 2023 (2 filings since Dec 17, 2021)
- Beryl Capital Management LLC Filed SC 13G/A on Mountain Crest Acquisition Corp. V, latest Feb 13, 2023 (3 filings since Nov 19, 2021)
- PERISCOPE CAPITAL INC. Filed SC 13G/A on Mountain Crest Acquisition Corp. V, latest Feb 13, 2023 (2 filings since Feb 14, 2022)
- MMCAP International Inc. SPC Filed SC 13G/A on Mountain Crest Acquisition Corp. V, latest Feb 7, 2022 (2 filings since Nov 18, 2021)
- Space Summit Capital LLC Filed SC 13G/A on Mountain Crest Acquisition Corp. V, latest Feb 2, 2022 (2 filings since Nov 19, 2021)
- Mountain Crest Acquisition Corp. V New York, New York
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Mountain Crest Acquisition Corp. V reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Properties, in its own words
We currently maintain our principal executive offices at 524 Broadway 11th Floor, New York, NY. The cost for this space is included in the $10,000 per-month fee payable to Mountain Crest Global Holdings LLC, for office space, utilities and secretarial services. We consider our current office space, combined with the other office space otherwise available to our executive officers, adequate for our current operations.
Item 2 of the 10-K filed Mar 16, 2026.3
Leadership
Who has led Mountain Crest Acquisition Corp. V, and when. Pick a name to see everywhere that person has worked.
- Chief executive officerSuying Liu Nov 12, 2021 to now11
- Chief financial officerSuying Liu Nov 12, 2021 to now11
Board members and other officers (4)
- Board memberNelson Haight Nov 12, 2021 to Nov 12, 202112
- Board memberSuying Liu Nov 12, 2021 to now11
- Board memberTodd T. Milbourn Nov 12, 2021 to Nov 12, 202113
- Board memberWenhua Zhang Nov 12, 2021 to Nov 12, 202114
Timeline
- Dec 15, 20258-K New debt or obligation15
- Nov 7, 20258-K Bylaws or fiscal year changed; Shareholder vote; Other events16
- Aug 7, 20258-K Change of auditor17
- Apr 28, 20258-K New debt or obligation18
- Nov 19, 20248-K Listing notice or transfer19
- Nov 12, 20248-K Bylaws or fiscal year changed; Shareholder vote; Other events20
- Oct 31, 20248-K Listing notice or transfer21
- Sep 18, 20248-K Listing notice or transfer; Regulation FD disclosure22
- Sep 12, 20248-K Listing notice or transfer23
- Aug 30, 20248-K Entered a material agreement; Regulation FD disclosure24
- Aug 15, 20248-K New debt or obligation25
- Jul 24, 20248-K Listing notice or transfer; Regulation FD disclosure26
- Nov 12, 2021New chief executive Suying Liu becomes CEO11
Filings
176 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 46 major events, 22 insider forms, 25 large holders, 63 other. The latest 20:
- Oct 14, 2026DEF 14A EDGAR
- Oct 1, 2026PRE 14A EDGAR
- Aug 14, 202610-Q EDGAR
- May 15, 202610-Q EDGAR
- Mar 16, 202610-K EDGAR
- Feb 12, 2026SCHEDULE 13G/A EDGAR
- Jan 2, 20264 EDGAR
- Jan 2, 20264 EDGAR
- Dec 15, 20258-K EDGAR
- Nov 14, 202510-Q EDGAR
- Nov 7, 20258-K EDGAR
- Oct 15, 2025DEF 14A EDGAR
- Oct 3, 2025PRE 14A EDGAR
- Aug 19, 202510-Q EDGAR
- Aug 14, 2025NT 10-Q EDGAR
- Aug 7, 20258-K EDGAR
- May 22, 202510-Q EDGAR
- May 15, 2025NT 10-Q EDGAR
- Apr 28, 20258-K EDGAR
- Apr 11, 202525-NSE EDGAR
The 176 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
10 open-market trades by officers, directors and large owners since October 2021: 4 buys and 6 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Dec 30, 2025 | Liu SuyingCEO and CFO | Sale | 200,000 | $5.00 | $1.0M | Form 4 |
| Dec 30, 2025 | Mountain Crest Global Holdings LLC10% owner | Sale | 200,000 | $5.00 | $1.0M | Form 4 |
| Feb 17, 2025 | Liu SuyingCEO and CFO | Sale | 100,000 | $7.00 | $700.0K | Form 4 |
| Feb 17, 2025 | Mountain Crest Global Holdings LLC10% owner | Sale | 100,000 | $7.00 | $700.0K | Form 4 |
| Oct 19, 2022 | Liu SuyingCEO and CFO | Sale | 100,000 | $10.00 | $1.0M | Form 4 |
| Oct 19, 2022 | Mountain Crest Global Holdings LLC10% owner | Sale | 100,000 | $10.00 | $1.0M | Form 4 |
| Nov 18, 2021 | Liu SuyingCEO and CFO | Buy | 18,000 | $10.00 | $180.0K | Form 4 |
| Nov 18, 2021 | Mountain Crest Global Holdings LLC10% owner | Buy | 18,000 | $10.00 | $180.0K | Form 4 |
| Nov 16, 2021 | Mountain Crest Global Holdings LLC10% owner | Buy | 205,000 | $10.00 | $2.0M | Form 4 |
| Nov 16, 2021 | Liu SuyingCEO and CFO | Buy | 205,000 | $10.00 | $2.0M | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Mountain Crest Global Holdings LLCSCHEDULE 13G/A, 4 filings Feb 14, 2022 to Feb 12, 202627
- METEORA CAPITAL, LLCSC 13G/A, 4 filings Jun 12, 2023 to Dec 6, 202428
- Polar Asset Management Partners Inc.SC 13G/A, 2 filings Feb 10, 2023 to Feb 12, 202429
- Owl Creek Asset Management, L.P.SC 13G/A, 2 filings Feb 9, 2023 to Feb 5, 202430
- Karpus Management, Inc.SC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 202331
- Saba Capital Management, L.P.SC 13G/A, 2 filings Dec 17, 2021 to Feb 14, 202332
- Beryl Capital Management LLCSC 13G/A, 3 filings Nov 19, 2021 to Feb 13, 202333
- PERISCOPE CAPITAL INC.SC 13G/A, 2 filings Feb 14, 2022 to Feb 13, 202334
- MMCAP International Inc. SPCSC 13G/A, 2 filings Nov 18, 2021 to Feb 7, 202235
- Space Summit Capital LLCSC 13G/A, 2 filings Nov 19, 2021 to Feb 2, 202236
SEC filer profile
How Mountain Crest Acquisition Corp. V is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARMountain Crest Acquisition Corp. V1
- CIK0001859035
- Employer ID (EIN)86-24358593
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company3
- Incorporated inDelaware3
- Fiscal year endsDecember 311
- Industry code (SIC)3841 Surgical & Medical Instruments & Apparatus1
- SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
- Business address524 Broadway, 11Th Floor, New York, NY 100121
- Phone646-493-65581
- Shares outstanding2,873,023 as of Aug 14, 20268
- Public float$10.2M as of Jun 30, 20253
- AuditorWWC, P.C., San Mateo, California PCAOB ID 1171; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceJun 14, 20211
- Filings178 in all: 8-K (46), 425 (21), 4 (16), 10-Q (15), SC 13G/A (13), SC 13G (10), 3 (6), DEF 14A (6)1
All 28 form types
NT 10-Q (6), PRE 14A (6), 10-K (5), CORRESP (4), UPLOAD (4), PRER14A (3), DEFA14A (2), NT 10-K (2), SCHEDULE 13G/A (2), 25-NSE (1), 424B4 (1), 8-A12B (1), CERT (1), DEFM14A (1), DEFR14A (1), DRS (1), DRS/A (1), EFFECT (1), S-1 (1), S-1/A (1)
- Latest filingsAnnual report (10-K) Mar 16, 2026
Quarterly report (10-Q) Aug 14, 2026
Proxy statement (DEF 14A) Oct 14, 2026
Latest 8-K (8-K) Dec 15, 2025
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Units, each consisting of one share of common stock and one right to acquire 1/10 of one share of Common Stock | MCAGU | |
| Rights included as part of the units | MCAGR | |
| Common stock, par value $0.0001 per share | MCAG |
From the cover page of the 10-K filed Mar 16, 2026 (Section 12(b) of the Exchange Act).3
Risk factors and legal proceedings
Legal proceedings
We may be subject to legal proceedings, investigations and claims incidental to the conduct of our business from time to time. We are not currently a party to any material litigation or other legal proceedings brought against us. We are also not aware of any legal proceeding, investigation or claim, or other legal exposure that has a more than remote possibility of having a material adverse effect on our business, financial condition or results of operations.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 11SEC EDGARSuying Liu, Chief executive officer
- 12SEC EDGARNelson Haight, Board member
- 13SEC EDGARTodd T. Milbourn, Board member
- 14SEC EDGARWenhua Zhang, Board member
- 15SEC EDGARNew debt or obligation
- 16
- 17SEC EDGARChange of auditor
- 18SEC EDGARNew debt or obligation
- 19SEC EDGARListing notice or transfer
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- 21SEC EDGARListing notice or transfer
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- 23SEC EDGARListing notice or transfer
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- 25SEC EDGARNew debt or obligation
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