Mountain Crest Acquisition V swings to Q2 FY26 net income of $5,178; six-month net loss narrows to $108,797
Reuters2026/08/14 21:06- Mountain Crest Acquisition Corp. V swung to net income of USD 5,178 for the quarter ended June 30, 2026, from a net loss of USD 110,574.
- Operating costs fell to USD 100,890 from USD 120,471, while interest income on Trust Account investments declined to USD 7,506 from USD 12,192.
- Results included a USD 100,000 gain on extinguishment of liability, while income tax provision eased to USD 1,438 from USD 2,295.
- For the first half, net loss narrowed to USD 108,797 from USD 291,952, with interest income down to USD 14,898 from USD 24,311.
- Trust Account investments totaled USD 855,537 at June 30, 2026; management flagged substantial doubt about going concern absent a deal by Nov. 16, 2026.
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