secwatch.observer — SEC 8-K summary
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Issuer:     Mercato Partners Acquisition Corp (—)
CIK:        0001853436
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0001193125-23-027523
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

Mercato Partners extends business combination deadline to July 2023 with sponsor loan
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- Sponsor deposited $675,000 into trust to extend deadline from Feb 8, 2023 to July 8, 2023.
- Promissory note of up to $1,350,000 issued to sponsor; bears no interest, due upon business combination.
- Stockholders approved extension; 24,415,207 votes for, 1,281,079 against; 18.7M shares redeemed for $193.2M.
- Company may extend monthly up to December 8, 2023 with $135,000 deposits per month.
- Redemption of 18,699,637 Class A shares at ~$10.33 per share totaling $193,164,942.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853436/000119312523027523/0001193125-23-027523-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853436/000119312523027523/d356019d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-027523

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