Failure to Satisfy Listing Rule Form 8 K

As previously disclosed, Mountain Crest Acquisition Corp. V (the "Company") received a deficiency notification letter (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") on September 13, 2024, notifying the Company that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule"), which requires companies with securities listed on Nasdaq to timely file all required periodic reports with the U.S. Securities and Exchange Commission (the "SEC"), as a result of the Company's failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 (the "1st Q Form 10-Q") and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (the "2nd Q Form 10-Q"). The Notice stated further that the Company had until September 16, 2024 to submit a plan to regain compliance with the Listing Rule with respect to the 1st Q Form 10-Q and the 2nd Q Form 10-Q, and that the Company may have until October 14, 2024 to regain compliance with the Listing Rule.

On September 13, 2024, the Company filed the 1st Q Form 10-Q with the SEC. Then on September 16, 2024, the Company submitted a letter to Nasdaq setting forth the Company's plan to regain compliance with the Listing Rule. The Company also requested Nasdaq to provide the Company until October 14, 2024, to regain compliance with the Listing Rule. On October 4, 2024, the Company filed the 2nd Q Form 10-Q with the SEC.

On October 30, 2024, the Company received a letter from Nasdaq stating that the Company had regained compliance with the Listing Rule and that the matter is now closed.