Mountain & Co. I Acquisition, a blank check company formed by Mountain Partners targeting the consumer internet and B2B digital infrastructure sectors, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
The company is led by CEO and Director Cornelius Boersch and CIO Daniel Wenzel, the founders of international investment firm Mountain Partners, where they serve as Executive Chairman and COO, respectively. The company plans to target the technology landscape, focusing on the consumer internet and B2B digital infrastructure sectors.
Mountain & Co. I Acquisition plans to list on the Nasdaq under the symbol MCAAU. Credit Suisse acted as sole bookrunner on the deal.
