8-K
filed March 11, 2024, 7:59 PM ET
CIK 0001856995
other material
confidence high
sentiment neutral
materiality 0.70
SPAC Mountain & Co. I extends business combination deadline to Nov 9, 2024; ~$35.8M redeemed
Mountain & Co. I Acquisition Corp.
- Shareholders approved extension of business combination deadline from Mar 9 to Nov 9, 2024.
- Approximately 3.13M Class A shares redeemed for ~$35.8M (~$11.42 per share) from trust.
- Extension Amendment and Trust Agreement Amendment No. 3 adopted; both proposals passed with 14,867,814 for, 147,333 against.
- Redemptions reduce trust account; Company has until Nov 9, 2024 to complete initial business combination.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Mountain & Co. I Acquisition Corp.: Extended deadline to consummate a business combination from March 9, 2024 to November 9, 2024 (or earlier date determined by board) by filing an amendment to the amended and restated memorandum and articles of association (effective 2024-03-08).
- Change
- charter amendment
- Effective
- 2024-03-08
Exact text from the filing
The Extension Amendment changes the date by which the Company must consummate its initial business combination from March 9, 2024 to November 9, 2024 (or such earlier date as determined by the Company’s board of directors).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Mountain & Co. I Acquisition Corp. amended Trust Agreement Amendment No. 3 with Continental Stock Transfer & Trust Company (effective 2024-03-08).
- Action
- amendment
- Counterparty
- Continental Stock Transfer & Trust Company
- Effective
- 2024-03-08
Exact text from the filing
On March 8, 2024, 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. 3”) to the Investment Management Trust Agreement, dated November 4, 2021 (as amended by Amendment No. 1 dated February 6, 2023 and Amendment No. 2 dated September 14, 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 March 9, 2024 to November 9, 2024 (or such earlier date as determined by the Company’s board of directors) (the “Extension”).
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Mountain & Co. I Acquisition Corp. shareholders approved Amend the Trust Agreement to allow the extension at the 2024-03-08 meeting.
- Outcome
- passed
- Meeting
- 2024-03-08
Exact text from the filing
Each of the Extension Amendment Proposal and the Trust Agreement Amendment Proposal was approved by the Company’s shareholder as follows: For Against Abstain Extension Amendment Proposal 14,867,814 147,333 0 Trust Agreement Amendment Proposal 14,867,814 147,333 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Mountain & Co. I Acquisition Corp. shareholders approved Amend the Amended and Restated Memorandum and Articles of Association to extend the business combination deadline from March 9, 2024 to November 9, 2024 at the 2024-03-08 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2024-03-08
Exact text from the filing
Each of the Extension Amendment Proposal and the Trust Agreement Amendment Proposal was approved by the Company’s shareholder as follows: For Against Abstain Extension Amendment Proposal 14,867,814 147,333 0 Trust Agreement Amendment Proposal 14,867,814 147,333 0
View on SEC.gov
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