| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash | 41,172 | 25,321 | ||
| Prepaid expenses and deferred expenses | 36,969 | 62,920 | ||
| Total current assets | 78,141 | 88,241 | ||
| Investments held in trust account | 1,193,968 | 1,181,623 | ||
| Total assets | 1,272,109 | 1,269,864 | ||
| Accounts payable and accrued expenses | 287,144 | 390,814 | ||
| Income taxes payable | 254,458 | 245,033 | ||
| Excise taxes payable | 225,426 | 212,457 | ||
| Promissory note related party | 1,070,000 | 920,000 | ||
| Total current liabilities | 1,837,028 | 1,768,304 | ||
| Deferred underwriting fee payable | 2,070,000 | 2,070,000 | ||
| Total liabilities | 3,907,028 | 3,838,304 | ||
| Common stock subject to possible redemption, 0.0001 par value, 30,000,000 shares authorized, 101,104 shares issued and outstanding as of september30, 2025 and december31, 2024 | 1,167,872 | 1,166,352 | ||
| Common stock 0.0001 par value 30,000,000 shares authorized 2,800,900 issued and outstanding (excluding 101,104 shares subject to possible redemption) as of september30, 2025 and december31, 2024 | 281 | 281 | ||
| Additional paid-in capital | 2,221,109 | 2,222,629 | ||
| Accumulated deficit | -6,024,181 | -5,957,702 | ||
| Total stockholders deficit | -3,802,791 | -3,734,792 | ||
| Total liabilities and stockholders deficit | 1,272,109 | 1,269,864 | ||
Mountain Crest Acquisition Corp. V (MCAG)
Mountain Crest Acquisition Corp. V (MCAG)