Mountain & Co. I Acquisition Corp.
MCAAW
NASDAQ Global Market0.01
USD
- -
- -
CIK
0001856995
ISIN
KYG6301J1123
CUSIP
G6301J112
Return %
Stock
S&P500
1Y
-70.91
26.84
3Y
-98.25
77.03
5Y
-98.25
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Cornelius Boersch
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 4001 Kennett Pike Wilmington DE United States of America 19807
- CIK
- 0001856995
- Website
- mountain-spac.com
- Similar Companies
- Business
- Mountain & Co. I Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in 2021 and based in Wilmington, Delaware. The company operates primarily as a blank check entity formed to effect mergers, share exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses or entities, particularly targeting the consumer Internet and B2B digital infrastructure sectors. It does not have significant operations of its own and aims to identify and complete business combinations that align with its strategic focus. Mountain & Co. I Acquisition Corp.'s main offering consists of pursuing business combinations and acquisitions rather than manufacturing or selling direct products or services. It facilitates capital formation and acquisition transactions for targeted sectors, operating as a vehicle to bring private companies public through mergers or other business combinations. In recent developments, the company terminated its business combination agreement with FC Barcelona’s Barça Media in June 2024, deciding to focus on alternative business combination opportunities. The termination was mutually agreed upon to allow Barça Media to pursue business growth privately. Following this, Mountain & Co. I Acquisition Corp. has been actively exploring new potential merger targets and strategic alliances. However, the company has faced regulatory challenges, including a Nasdaq delisting determination due to non-compliance with filing requirements and board composition regulations, and is currently in the process of appealing the delisting decision while seeking compliance solutions. This regulatory situation has led to executive changes, including resignations of key officers like the CFO and CSO. The company operates within the financial and blank check industry sector primarily in the United States, with its corporate governance and operational activities centered in Wilmington, Delaware. It remains focused on identifying strategic mergers and acquisitions to deliver value to shareholders through its acquisition and reorganization activities. Mountain & Co. I Acquisition Corp. is listed on the Nasdaq under the ticker MCAA and continues to assess and pursue suitable business combination opportunities to transition into an operating company in its targeted sectors.