Mountain Crest Acquisition Corp. V Reports Increased Net Loss and Financial Challenges

Mountain Crest Acquisition Corp. V has reported its financial results for the quarter ending June 30, 2025, revealing a net loss of $110,574, compared to a net loss of $64,591 for the same period in 2024. The company’s general and administrative expenses decreased to $120,471 from $145,218 year-over-year. For the six months ending June 30, 2025, the net loss was $291,952, significantly higher than the $90,128 loss reported in the prior year. The increase in losses is attributed to higher operational costs, which totaled $311,696 for the first half of 2025, compared to $228,987 in 2024.

As of June 30, 2025, Mountain Crest reported total assets of $1,269,864, a decrease from $1,314,091 at the end of 2024. The company’s cash reserves fell to $25,321 from $116,658, while investments held in the Trust Account increased slightly to $1,181,623 from $1,157,312. Current liabilities rose to $1,768,304, up from $1,520,579, primarily due to increased accounts payable and accrued expenses. The stockholders’ deficit also widened to $(3,734,792) from $(3,440,367) at the end of the previous fiscal year.

In terms of strategic developments, Mountain Crest has not yet completed any business combinations since its inception. The company is actively seeking to identify a target for a merger or acquisition, focusing on private companies in North America and Asia Pacific regions. The company has extended its business combination deadline to November 16, 2025, allowing for additional time to finalize a deal. As part of its operational strategy, Mountain Crest has also engaged in several financing activities, including issuing unsecured promissory notes to its sponsor, totaling $1,300,000, to support working capital needs.

The company’s stock performance has been impacted by its recent delisting from the Nasdaq Global Market due to non-compliance with listing requirements. Following this, Mountain Crest began trading on the over-the-counter market. The company has expressed its intention to continue pursuing a business combination despite these challenges. Management has indicated that there is substantial doubt about the company’s ability to continue as a going concern if a business combination is not consummated by the extended deadline. The company is currently evaluating its options and remains focused on completing a successful merger or acquisition.