Everest Consolidator Acquisition Corp. (NYSE:MNTN), a special purpose acquisition company, announced today that it has secured an additional month to complete a business combination. The new deadline is now set for August 28, 2024, marking the final permissible extension as per the company's amended and restated certificate of incorporation.
The Newport Beach-based company, which operates under the blank check classification, deposited $150,000 into its trust account to facilitate this extension. This deposit is in line with the terms set out by their Investment Management Trust Agreement with Equiniti Trust LLC, formerly known as American Stock Transfer & Trust Company, LLC, originally dated November 23, 2021.
This extension is the sixth and last one-month extension Everest Consolidator is allowed under its current charter. The company's stock, including its units (MNTN.U) and warrants (MNTN WS), continues to be traded on the New York Stock Exchange.
Everest Consolidator Acquisition Corp. was established in Delaware and is in the business of effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. As an emerging growth company, Everest Consolidator has been seeking opportunities primarily within the real estate and construction sectors.
The company's Chief Executive Officer, Adam Dooley, signed off on the SEC filing, affirming the company's compliance with the Securities Exchange Act of 1934. This extension provides Everest Consolidator additional time to finalize its plans for a business combination, a critical step for the company and its shareholders.
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