--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-23-011648" form_type: "8-K" ticker: null cik: "0001856995" company_name: "Mountain & Co. I Acquisition Corp." filed_at: "2023-02-07T23:59:59+00:00" generated_at: "2026-06-19T23:12:08.961680+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 0.7 calibrated_materiality_score: 0.7 confidence: "high" source: SEC EDGAR --- # Shareholders approve business combination extension to Nov 9, 2023; $113M redeemed ## Summary - Approved extension of deadline from Feb 9, 2023 to Nov 9, 2023 via amendment to articles and trust agreement. - Issued up to $3.78M promissory note to sponsor; $420k deposited monthly for extension. - 10,784,962 Class A shares redeemed at ~$10.48 per share, removing ~$113M from trust. - Trust account retains ~$128M after redemptions for future business combination. - Promissory note is unsecured, bears no interest, and matures upon business combination or liquidation. ## SEC filing metadata - accession: 0001104659-23-011648 - form_type: 8-K - cik: 0001856995 - company_name: Mountain & Co. I Acquisition Corp. - filed_at: 2023-02-07T23:59:59+00:00 - event_type: other_material - sentiment: negative - materiality_score: 0.7 - calibrated_materiality_score: 0.7 - confidence: high - sec_items: 1.01, 2.03, 5.03, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1856995/000110465923011648/0001104659-23-011648-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856995/000110465923011648/tm235533d1_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-23-011648 - JSON: https://secwatch.observer/filing/0001104659-23-011648.json - Plain text: https://secwatch.observer/filing/0001104659-23-011648.txt ## Key facts - Debt Financings Mountain & Co. I Acquisition Corp. incurred loan of up to $3,780,000 with Mountain & Co. I Sponsor LLC at no interest maturing upon the earlier of (a) the date of the consummation of the Company’s initial business combination, or (b) the date of the liquidation of the Company. - Instrument: loan - Principal: up to $3,780,000 - Counterparty: Mountain & Co. I Sponsor LLC - Rate: no interest - Maturity: upon the earlier of (a) the date of the consummation of the Company’s initial business combination, or (b) the date of the liquidation of the Company - Event: incurrence source text: On February 6, 2023, the Company issued a promissory note (the “Note”) in the principal amount of up to $3,780,000 to Mountain & Co. I Sponsor LLC (the “Sponsor”), in connection with the Extension. evidence_url: https://www.sec.gov/Archives/edgar/data/1856995/000110465923011648/0001104659-23-011648-index.htm - Governance Changes Mountain & Co. I Acquisition Corp.: Amended articles to extend deadline for business combination from February 9, 2023 to November 9, 2023 (effective 2023-02-07). - Change: charter amendment - Effective: 2023-02-07 source text: On February 7, 2023, the Company filed an amendment (the “Extension Amendment”) to the Company’s Amended and Restated Memorandum and Articles of Association (the “Amended and Restated Articles”) with the Registrar of Companies in the Cayman Islands. The Extension Amendment extends the date by which the Company must consummate its initial business combination from February 9, 2023 to November 9, 2023. evidence_url: https://www.sec.gov/Archives/edgar/data/1856995/000110465923011648/0001104659-23-011648-index.htm - Material Agreements Mountain & Co. I Acquisition Corp. amended Trust Agreement Amendment with Continental Stock Transfer & Trust Company (effective 2023-02-06). - Action: amendment - Counterparty: Continental Stock Transfer & Trust Company - Effective: 2023-02-06 source text: On February 6, 2023, upon the shareholders’ approval of the Trust Amendment Proposal (as defined below), Mountain & Co. I Acquisition Corp. (the “Company”), entered into an amendment (the “Trust Agreement Amendment”) to the Investment Management Trust Agreement, dated November 4, 2021 (the “Trust Agreement”), by and between the Company and Continental Stock Transfer & Trust Company, as trustee evidence_url: https://www.sec.gov/Archives/edgar/data/1856995/000110465923011648/0001104659-23-011648-index.htm - Material Agreements Mountain & Co. I Acquisition Corp. entered into Note with Mountain & Co. I Sponsor LLC valued at up to $3,780,000 (effective 2023-02-06). - Action: entry - Agreement: credit facility - Counterparty: Mountain & Co. I Sponsor LLC - Value: up to $3,780,000 - Effective: 2023-02-06 source text: On February 6, 2023, the Company issued a promissory note (the “Note”) in the principal amount of up to $3,780,000 to Mountain & Co. I Sponsor LLC evidence_url: https://www.sec.gov/Archives/edgar/data/1856995/000110465923011648/0001104659-23-011648-index.htm - Shareholder Votes Mountain & Co. I Acquisition Corp. shareholders approved Trust Agreement Amendment Proposal at the 2023-02-06 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-02-06 source text: Trust Agreement Amendment Proposal 17,393,794 1,042,231 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1856995/000110465923011648/0001104659-23-011648-index.htm - Shareholder Votes Mountain & Co. I Acquisition Corp. shareholders approved Extension Amendment Proposal at the 2023-02-06 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-02-06 source text: Extension Amendment Proposal 17,393,794 1,042,231 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1856995/000110465923011648/0001104659-23-011648-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.