Form 4: Mountain Crest Acquisition Corp. V: CEO and CFO, Suying Liu, Reports Changes in Beneficial Ownership

Suying Liu, CEO and CFO of Mountain Crest Acquisition Corp. V, reports acquiring beneficial ownership of 2,165,800 shares of common stock and rights to purchase common stock through Mountain Crest Global Holdings LLC.

Summary

• Suying Liu, the CEO and CFO of Mountain Crest Acquisition Corp. V (MCAGU), filed a Form 4 with the SEC on July 10, 2024.
• The filing reports changes in beneficial ownership of the company's securities.
• On July 8, 2024, Dr. Liu became the managing member of Mountain Crest Global Holdings LLC, granting her sole voting and dispositive control over the entity's holdings.
• This includes 2,165,800 shares of common stock held by Mountain Crest Global Holdings LLC.
• Dr. Liu also indirectly controls rights to purchase 22,300 shares of common stock, as these rights are also held by Mountain Crest Global Holdings LLC.
• These rights automatically convert into one-tenth (1/10) of a share of common stock upon the consummation of the issuer's initial business combination.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Future Outlook

The rights to purchase common stock will convert into shares upon the consummation of the issuer's initial business combination.

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company securities, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership structure of the company.

Key Dates