--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-23-101296" form_type: "8-K" ticker: null cik: "0001856995" company_name: "Mountain & Co. I Acquisition Corp." filed_at: "2023-09-18T23:59:59+00:00" generated_at: "2026-06-10T15:20:54.190393+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.55 calibrated_materiality_score: 0.55 confidence: "high" source: SEC EDGAR --- # Mountain & Co. I Acquisition Corp. extends SPAC deadline to March 2024; sponsor note raised to $4.74M ## Summary - Shareholders approved extension of business combination deadline to March 9, 2024. - Sponsor note increased to $4.74M; $2.94M advanced so far; $300k/month going forward. - 701,973 Class A shares redeemed for ~$7.8M ($11.05 per share) from trust account. - Up to $1.5M of sponsor advances may be converted to warrants at $1.00 per warrant. - Company is pursuing business combination with FC Barcelona; extension provides more time. ## SEC filing metadata - accession: 0001104659-23-101296 - form_type: 8-K - cik: 0001856995 - company_name: Mountain & Co. I Acquisition Corp. - filed_at: 2023-09-18T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.55 - calibrated_materiality_score: 0.55 - confidence: high - sec_items: 1.01, 2.03, 5.03, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1856995/000110465923101296/0001104659-23-101296-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856995/000110465923101296/tm2326140d1_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-23-101296 - JSON: https://secwatch.observer/filing/0001104659-23-101296.json - Plain text: https://secwatch.observer/filing/0001104659-23-101296.txt ## Key facts - Debt Financings Mountain & Co. I Acquisition Corp. incurred debt of $300,000 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. - Principal: $300,000 - 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: he Company to Mountain & Co. I Sponsor LLC (the “Sponsor”) to increase the maximum principal amount thereof evidence_url: https://www.sec.gov/Archives/edgar/data/1856995/000110465923101296/0001104659-23-101296-index.htm - Governance Changes Mountain & Co. I Acquisition Corp.: Extended the deadline to consummate a business combination from November 9, 2023 to March 9, 2024 (or earlier if determined by board) (effective 2023-09-14). - Change: charter amendment - Effective: 2023-09-14 source text: On September 14, 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 changes the date by which the Company must consummate its initial business combination from November 9, 2023 to March 9, 2024 (or such earlier date as determined by the Company’s board of directors). evidence_url: https://www.sec.gov/Archives/edgar/data/1856995/000110465923101296/0001104659-23-101296-index.htm - Material Agreements Mountain & Co. I Acquisition Corp. amended Amended and Restated Promissory Note with Mountain & Co. I Sponsor LLC valued at Increased maximum principal amount from $3,780,000 to $4,740,000 (effective 2023-09-14). - Action: amendment - Counterparty: Mountain & Co. I Sponsor LLC - Value: Increased maximum principal amount from $3,780,000 to $4,740,000 - Effective: 2023-09-14 source text: On September 14, 2023, in connection with the Extension, the Company amended and restated that certain promissory note, dated February 6, 2023 (the “Promissory Note” and, as amended and restated, the “Amended and Restated Note”) previously issued by the Company to Mountain & Co. I Sponsor LLC (the “Sponsor”) to increase the maximum principal amount thereof from up to $3,780,000 to up to $4,740,000. evidence_url: https://www.sec.gov/Archives/edgar/data/1856995/000110465923101296/0001104659-23-101296-index.htm - Material Agreements Mountain & Co. I Acquisition Corp. amended Trust Agreement Amendment No. 2 with Continental Stock Transfer & Trust Company valued at Change of business combination deadline from November 9, 2023 to March 9, 2024 (effective 2023-09-14). - Action: amendment - Counterparty: Continental Stock Transfer & Trust Company - Value: Change of business combination deadline from November 9, 2023 to March 9, 2024 - Effective: 2023-09-14 source text: On September 14, 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 No. 2”) to the Investment Management Trust Agreement, dated November 4, 2021 (as amended by Amendment No. 1 dated February 6, 2023, the “Trust Agreement”), by and between the Company and Continental Stock Transfer & Trust Company, as trustee, to allow the change of the date by which the Company must consummate its initial business combination from November 9, 2023 to March 9, 2024 (or such earlier date as determined by the Company’s board of directors) (the “Extension”). evidence_url: https://www.sec.gov/Archives/edgar/data/1856995/000110465923101296/0001104659-23-101296-index.htm - Shareholder Votes Mountain & Co. I Acquisition Corp. shareholders approved Amendment of Amended and Restated Memorandum and Articles of Association to extend business combination deadline from November 9, 2023 to March 9, 2024 at the 2023-09-14 meeting. - Proposal: merger approval - Outcome: passed - Meeting: 2023-09-14 source text: Extension Amendment Proposal 15,279,646 744,045 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1856995/000110465923101296/0001104659-23-101296-index.htm - Shareholder Votes Mountain & Co. I Acquisition Corp. shareholders approved Amendment of Trust Agreement to allow extension of business combination deadline at the 2023-09-14 meeting. - Proposal: merger approval - Outcome: passed - Meeting: 2023-09-14 source text: Trust Agreement Amendment Proposal 15,279,646 744,045 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1856995/000110465923101296/0001104659-23-101296-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.