secwatch.observer — SEC 8-K summary
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Issuer:     Mountain & Co. I Acquisition Corp. (—)
CIK:        0001856995
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0001104659-24-027539
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856995/000110465924027539/0001104659-24-027539-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856995/000110465924027539/tm247228d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-027539

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