---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-027539"
form_type: "8-K"
ticker: null
cik: "0001856995"
company_name: "Mountain & Co. I Acquisition Corp."
filed_at: "2024-02-26T23:59:59+00:00"
generated_at: "2026-06-05T15:45:56.968376+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Mountain & Co. I Acquisition Corp. raises $1.2M via convertible notes to extend SPAC deadline to March 9, 2024

## Summary
- Entered $1.2M convertible note financing with accredited investors to fund trust account extension through March 9, 2024.
- Notes carry 8% non-compounding interest; principal convertible at 0.3x into post-business combination shares.
- Investors waived all claims against trust account; notes forgiven if no business combination consummated.
- Extension deposits total $1.8M ($300k/month from Sep 2023 through Feb 2024).

## SEC filing metadata
- accession: 0001104659-24-027539
- form_type: 8-K
- cik: 0001856995
- company_name: Mountain & Co. I Acquisition Corp.
- filed_at: 2024-02-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1856995/000110465924027539/0001104659-24-027539-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856995/000110465924027539/tm247228d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-027539
- JSON: https://secwatch.observer/filing/0001104659-24-027539.json
- Plain text: https://secwatch.observer/filing/0001104659-24-027539.txt

## Key facts
- Debt Financings
  Mountain & Co. I Acquisition Corp. incurred convertible notes of $1.2 million with several accredited investors at 8% per annum maturing earlier of consummation of initial business combination or liquidation of the Company.
  - Instrument: convertible notes
  - Principal: $1.2 million
  - Counterparty: several accredited investors
  - Rate: 8% per annum
  - Maturity: earlier of consummation of initial business combination or liquidation of the Company
  - Event: incurrence
  source text: The aggregate deposit includes $1.2 million for the four calendar months ended February 2024, loaned to the Company by several accredited investors in a private financing transaction that closed during the period from February 20, 2024 to February 23, 2024 (the “ Financing ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856995/000110465924027539/0001104659-24-027539-index.htm
- Material Agreements
  Mountain & Co. I Acquisition Corp. entered into Convertible Promissory Note with several accredited investors valued at $1,200,000 (effective 2024-02-20).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: several accredited investors
  - Value: $1,200,000
  - Effective: 2024-02-20
  source text: In connection with the Financing, the Company issued to each investor a convertible promissory note (each such note, a “ Convertible Note ”) evidencing the outstanding balance under such investor’s loan.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856995/000110465924027539/0001104659-24-027539-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.