Mountain & Co. I in an 8-K said 3,490,113 Class A shares have been redeemed ahead of today’s vote on a deadline extension. That 30% reduction left 8,022,952 Class A shares outstanding.
The SPAC wants to push its deadline to Nov. 9.
Mountain & Co. I has a deal to acquire Barça Media, a division of Spanish soccer club FC Barcelona. The deal was announced last year with terms calling for a minimum of €50 million to close, later reduced to €40 million. The SPAC presently has more than twice the minimum cash needed to close the deal.
FC Barcelona would keep an 80% stake in Barca Media, while the SPAC would own the remaining 20%.
Barça Media centralizes the creation, production and commercialization of FC Barcelona’s audiovisual, digital and esports output. The business incorporates substantially all of the digital content the club has produced over the past 20 years. Read more.
