Mountain Crest Acquisition V ^{Priced, Nasdaq: MCAG}

We are a blank check company. Although there is no restriction or limitation on what industry or geographic region our target operates in, it is our intention to pursue prospective targets that are in North America and Asia Pacific regions (excluding China). We shall not undertake our initial business combination with a target business with its principal business operations in China (including Hong Kong and Macau). At the time of preparing this prospectus, we have not identified any specific business combination, nor has anyone on our behalf initiated or engaged in any substantive discussions, formal or otherwise, related to such a transaction. As of the date of this prospectus, all of our directors and officers serve in management positions for Mountain Crest Acquisition Corp. II (Nasdaq: MCAD), Mountain Crest Acquisition Corp. III (Nasdaq: MCAE), and Mountain Crest Acquisition Corp. IV, all of which are special purpose acquisition companies incorporated in Delaware. Our efforts to date are limited to organizational activities related to this offering. Our sponsor, Mountain Crest Global Holdings LLC, is controlled by Dr. Suying Liu, our Chairman, Chief Executive Officer, and Chief Financial Officer, who have accumulated broad industry expertise and transaction experience from investing in and operating diverse businesses.