Mountain Crest Acquisition Corp. V Reports Q3 2025 Financial Results with Reduced Net Loss

Mountain Crest Acquisition Corp. V has reported its financial results for the third quarter ending September 30, 2025, revealing a net loss of $66,479, a decrease from a net loss of $130,870 in the same period last year. The company’s general and administrative expenses for the quarter were $76,525, significantly lower than the $202,182 reported in the prior year. For the nine months ended September 30, 2025, the net loss was $358,431, compared to a loss of $220,998 for the same period in 2024. The decrease in losses is attributed to reduced operational costs, although the company continues to incur expenses related to its status as a public entity.

As of September 30, 2025, Mountain Crest reported total assets of $1,272,109, a slight decline from $1,314,091 at the end of 2024. The company holds $1,193,968 in investments within its Trust Account, which is primarily invested in money market funds. Current liabilities increased to $1,837,028 from $1,520,579, driven by a rise in accounts payable and accrued expenses, as well as an increase in promissory notes to related parties, which rose to $1,070,000 from $690,000. The total stockholders' deficit also widened to $(3,802,791) from $(3,440,367) at the end of the previous fiscal year.

In terms of strategic developments, Mountain Crest has not yet completed a business combination but is actively pursuing opportunities. The company entered into a Business Combination Agreement with CUBEBIO Co., Ltd. on August 29, 2024, which is expected to be finalized by May 15, 2025. The agreement outlines a merger that would allow CUBEBIO to become a publicly traded entity. The company has extended its business combination period to November 16, 2026, to facilitate this process.

Operationally, Mountain Crest has maintained a consistent number of shares outstanding, with 2,800,900 shares issued and 101,104 shares subject to possible redemption as of September 30, 2025. The company has also been proactive in managing its cash flow, with $41,172 in cash available for working capital. However, the company faces challenges in meeting its business combination timeline, raising concerns about its ability to continue as a going concern if it fails to complete a merger by the extended deadline.

Looking ahead, Mountain Crest's management remains focused on identifying and executing a successful business combination. The company has indicated that it may need to secure additional financing to support its operations and potential transaction costs. The ongoing evaluation of market conditions and strategic opportunities will be critical as the company navigates its path forward in the coming months.