Mountain Crest Acquisition V ( (MCAG) ) has provided an update.
Mountain Crest Acquisition Corp. V is working to resolve its compliance issues with Nasdaq after failing to file its quarterly reports on time. The company, which missed the filing deadlines for its Q1 and Q2 10-Q reports, has since filed the overdue Form 10-K and the Q1 10-Q. They are now actively engaging with Nasdaq to outline a plan for regaining compliance by the given deadline and have requested an extension until October 14, 2024, to fulfill their filing obligations. This development is critical for investors tracking the company’s adherence to market regulations and its ongoing financial reporting responsibilities.
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