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