secwatch.observer — SEC 8-K summary
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Issuer:     Mountain & Co. I Acquisition Corp. (—)
CIK:        0001856995
Form:       8-K
Filed at:   2023-09-18T23:59:59+00:00
Accession:  0001104659-23-101296
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mountain & Co. I Acquisition Corp. extends SPAC deadline to March 2024; sponsor note raised to $4.74M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856995/000110465923101296/0001104659-23-101296-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856995/000110465923101296/tm2326140d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-101296

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