Mountain Crest Acquisition Corp V 2026年季度报告

FORM 10-Q (MARK ONE)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended March 31, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-40418 MOUNTAIN CREST ACQUISITION CORP. V(Exact Name of Registrant as Specified in Its Charter) Securities registered pursuant to Section12(b) of the Act: Check whether the issuer (1) filed all reports required to be filed by Section13 or 15(d) of the Exchange Act during the past 12 months(or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements forthe past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See definitions of “large accelerated filer”, “accelerated filer”, “smaller reportingcompany”, and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☒No☐ As of May 15, 2026, there were 2,873,023 shares of the Company’s common stock, including shares of common stock underlying theunits, $0.0001 par value per share, issued and outstanding. MOUNTAIN CREST ACQUISITION CORP. V FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2026 TABLE OF CONTENTS PagePart I. Financial Information1Item 1. Financial Statements1Condensed Balance Sheets as of March 31, 2026 (Unaudited) and December 31, 20251Condensed Statements of Operations for the three months ended March 31, 2026 and 2025 (Unaudited)2Condensed Statements of Changes in Stockholders’ Deficit for the three months ended March 31, 2026 and 2025(Unaudited)3Condensed Statements of Cash Flows for the three months ended March 31, 2026 and 2025 (Unaudited)4Notes to Unaudited Condensed Financial Statements5Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations29Item 3. Quantitative and Qualitative Disclosures Regarding Market Risk39Item 4. Controls and Procedures39Part II. Other Information41Item 1. Legal Proceedings41Item 1A. Risk Factors41Item 2. Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities42Item 3. Defaults Upon Senior Securities42Item 4. Mine Safety Disclosures42Item 5. Other Information42Item 6. Exhibits43Part III. Signatures44i MOUNTAIN CREST ACQUISITION CORP. VCONDENSED BALANCE SHEETS Common stock subject to possible redemption, $0.0001 par value, 30,000,000 shares authorized,72,123 shares issued and outstanding as of March 31, 2026 and December31, 2025839,190835,478 STOCKHOLDERS’ DEFICITCommon Stock; $0.0001 par value; 30,000,000 shares authorized; 2,800,900 issued and outstanding(excluding 72,123 shares subject to possible redemption) as of March 31, 2026 and December31,2025281281Additional paid-in capital2,214,5722,218,284Accumulated deficit(6,016,914)(5,902,939)TOTAL STOCKHOLDERS’ DEFICIT(3,802,061)(3,684,374)TOTAL LIABILITIES, COMMON STOCK SUBJECT TO REDEMPTION ANDSTOCKHOLDERS’ DEFICIT$986,588$873,566 The accompanying notes are an integral part of these unaudited condensed financial statements. MOUNTAIN CREST ACQUISITION CORP. VCONDENSED STATEMENTS OF OPERATIONS(UNAUDITED) MOUNTAIN CREST ACQUISITION CORP. VCONDENSED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT(UNAUDITED) FOR THE THREE MONTHS ENDED MARCH 31, 2026 MOUNTAIN CREST ACQUISITION CORP. VCONDENSED STATEMENTS OF CASH FLOWS(UNAUDITED) MOUNTAIN CREST ACQUISITION CORP. VNOTES TO CONDENSED FINANCIAL STATEMENTSMARCH31, 2026(Unaudited) NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS Mountain Crest Acquisition Corp. V (the “Company”) is a blank check company that was incorporated in Delaware on April8, 2021.The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase,reorganization or similar Business Combination with one or more businesses (the “Business Combination”). Although the Company isnot limited to a particular industry or sector for purposes of consummating a Business Combination, the Company intends to focus itssearch on private companies in North America and Asia Pacific regions that have positive operating cash