Mountain Crest Acquisition Corp. V

Suying Liu serves as Chairman, CEO, and CFO, concentrating all executive authority for target sourcing, deal negotiation, and business-combination execution. SEC filings list no additional named executive officers, indicating Liu is the sole decision-maker across the Mountain Crest SPAC franchise. This structure is common among small, serial SPAC sponsors where a single principal drives the deal pipeline.

The SPAC is a blank-check company that raised capital to pursue a business combination with one or more operating businesses. The prospectus did not limit target sectors or geographies, but prior Mountain Crest SPACs merged with healthcare and logistics firms with China-related operations, suggesting flexibility toward cross-border, middle-market targets where Liu's background as a founder of Hudson Capital and experience with U.S.-listed Chinese companies can be applied.

Yes. It is the fifth vehicle in a franchise launched by Suing Liu under the Mountain Crest brand. Each SPAC is a separate legal entity with its own trust account, but Liu serves as the common executive across the series, and the prior SPACs' completed mergers — including Etao International and Better Therapeutics — establish a track record that investors in the fifth vehicle are implicitly betting on.

Like most SPACs, Mountain Crest V must either complete a business combination within its deadline window or return the trust funds to public shareholders. As of its last pre-extension SEC filing, the company had secured an extension to continue searching for a target, but if a deal is not ultimately consummated, the trust would liquidate and redeem shares at approximately the per-share trust value. This is standard SPAC liquidation mechanics.

Unlike larger SPACs that secure committed PIPE financing from institutional investors alongside a deal announcement, Mountain Crest V has not disclosed any anchor commitments or forward-purchase agreements in its SEC filings. The IPO was a standard underwritten unit offering without an identified institutional anchor, placing the SPAC squarely in the retail-and-boutique-institutional end of the market.