Mountain & Co. I Acquisition Corp. (NASDAQ:MCAA), a blank check company, reported on Thursday that Dr. Philipp Rösler has stepped down from his position as a director of the company. According to the announcement made in a recent SEC filing, Dr. Rösler's resignation took effect on Sunday, August 9, 2024, and was not due to any disagreement with the company's operations, policies, or practices.
The Cayman Islands-based company, which is listed under the blank checks industry classification, did not disclose any further details regarding the reason for Dr. Rösler's departure or any plans for his replacement. The resignation comes amid the company's regular business operations, with no indication that it is related to any broader strategic or financial issues.
Mountain & Co. I Acquisition Corp. specializes in mergers, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It is currently traded on The Nasdaq Stock Market LLC under the ticker symbols MCAA for its Class A ordinary shares, MCAAW for its redeemable warrants, and MCAAU for its units consisting of Class A ordinary shares and warrants.
In other recent news, Mountain & Co. I Acquisition Corp. has been navigating a series of significant changes. The company announced the immediate resignations of CFO Alexander Hornung and CSO Thomas Middelhoff, with replacements yet to be named.
Concurrently, the company is facing potential delisting from Nasdaq due to non-compliance with listing rules following the resignation of board member Miles Gilburne, which left the Audit Committee short of the required number of independent directors.
Additionally, Mountain & Co. mutually agreed to terminate its business combination agreement with Futbol Club Barcelona, releasing both parties from any related claims except in cases of potential fraud or material breach.
The related Sponsor Support Agreement was also terminated. Following these developments, Mountain & Co. plans to explore other near-term business opportunities and seek alternative business combinations.
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