Mountain Crest Global Holdings LLC - Apr 20, 2024 Form 4 Insider Report for Mountain Crest Acquisition Corp. V (MCAG)

Role: 10%+ Owner
Signature: By: /s/ Dong Liu Name: Dong Liu Title: Manager
Stock symbol: MCAG
Transactions as of: Apr 20, 2024
Transactions value $: $0
Form type: 4
Date filed: 4/23/2024, 09:30 PM
Previous filing: Sep 20, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MCAG	Common Stock	Other		+150K	+7.44%		2.17M	Apr 20, 2024	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On October 30, 2023, Mountain Crest Acquisition Corp. V (the "Company") issued a non-interest bearing, unsecured promissory note in the aggregate principal amount of upto $400,000 to the Reporting Person. On April 3, 2024, the Company issued a non-interest bearing, unsecured promissory note in the aggregate principal amount of upto $300,000 to the Reporting Person. As of April 15, 2024, the principal amount outstanding under the notes is $600,000. On April 19, 2024, as approved by the Company's audit committee, the Company entered into a note conversion agreement (the "Note Conversion Agreement") with the Reporting Person, to convert the principal amount of the Note into 150,000 shares of the Company's Common Stock at $4:00 per share. On April 20, 2024, the Company issued 150,000 shares to the Reporting Person in satisfaction of the notes.
F2	The Shares are owned by Mountain Crest Global Holdings LLC, and Dong Liu, the sole manager of Mountain Crest Global Holdings LLC, has sole voting and dispositive power over the shares owned by Mountain Crest Global Holdings LLC.

Content

On October 30, 2023, Mountain Crest Acquisition Corp. V (the "Company") issued a non-interest bearing, unsecured promissory note in the aggregate principal amount of upto $400,000 to the Reporting Person. On April 3, 2024, the Company issued a non-interest bearing, unsecured promissory note in the aggregate principal amount of upto $300,000 to the Reporting Person. As of April 15, 2024, the principal amount outstanding under the notes is $600,000. On April 19, 2024, as approved by the Company's audit committee, the Company entered into a note conversion agreement (the "Note Conversion Agreement") with the Reporting Person, to convert the principal amount of the Note into 150,000 shares of the Company's Common Stock at $4:00 per share. On April 20, 2024, the Company issued 150,000 shares to the Reporting Person in satisfaction of the notes.

The Shares are owned by Mountain Crest Global Holdings LLC, and Dong Liu, the sole manager of Mountain Crest Global Holdings LLC, has sole voting and dispositive power over the shares owned by Mountain Crest Global Holdings LLC.