Mountain Crest Acquisition Corp. V (MCAG) Form 10-Q — Aug 14, 2026
Mountain Crest Acquisition Corp. V filed its 10-Q for the quarter ended June 30, 2026 with an explicit going-concern warning: the blank check company has until November 16, 2026 to complete its pending business combination with Korea's CUBEBIO Co., Ltd., after which mandatory liquidation and dissolution occur. Management states there can be no assurance a deal is consummated by that date. The financial picture is thin.
Key figures
- Total Debt
- 1550000
- Cash Position
- 18299
- Shares Outstanding
- 2873023
- Q2 2026 net income
- 5178
- Ipo gross proceeds 2021
- 60000000
- Redeemable public shares
- 72123
- Eps q2 2026 non redeemable
- 0
- Redemption value per share
- 11.68
- Business combination deadline
- November 16, 2026
- Trust account value june 2026
- 855537
- Pending target valuation cubebio
- 375000000
- Sponsor promissory notes outstanding
- 1550000
- Gain on extinguishment of liabilities q2 2026
- 100000
AI analysis
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