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Mountain Crest Acquisition V (MCAG) has provided an update.
Mountain Crest Acquisition Corp. V has failed to file its annual and quarterly reports on time, leading to a notification from Nasdaq that the company is not in compliance with its listing rules. The company has 60 days to present a plan to regain compliance and may get up to 180 days extension to meet the requirements. Despite these reporting delays and no assurance on the timing, the company is actively working to resolve the issues and submit the necessary documents as soon as possible.
For a thorough assessment of MCAG stock, go to TipRanks’ Stock Analysis page.
