secwatch.observer — SEC 8-K summary
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Issuer:     Mountain & Co. I Acquisition Corp. (—)
CIK:        0001856995
Form:       8-K
Filed at:   2023-02-07T23:59:59+00:00
Accession:  0001104659-23-011648
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shareholders approve business combination extension to Nov 9, 2023; $113M redeemed
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856995/000110465923011648/0001104659-23-011648-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856995/000110465923011648/tm235533d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-011648

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer