Everest Consolidator Acquisition Corporation Announces Price of $ 150 Million Initial Public Offering | Business


NEWPORT BEACH, Calif .– (BUSINESS WIRE) – November 23, 2021–

Everest Consolidator Acquisition Corporation (the “Company”) today announced the price of its initial public offering of 15,000,000 units at a price of $ 10.00 per unit. The Units will be listed on the New York Stock Exchange (“NYSE”) and will trade under the ticker symbol “MNTN.U” effective November 24, 2021. Each Unit issued under the Offer consists of one Class Share A of the Company. common shares and a redeemable half-warrant, each whole warrant entitling its holder to purchase one Class A common share at an exercise price of $ 11.50 per share. Once the securities comprising the Units begin to trade separately, the Class A Common Shares and Warrants are expected to be listed on the NYSE under the symbols “MNTN” and “MNTN WS”, respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will be traded. The offer is scheduled to close on November 29, 2021, subject to customary closing conditions.

BofA Securities acts as the sole accounting manager of the offering. The Company has granted the underwriter a 45-day option to purchase up to 2,250,000 additional units at the initial public offering price to cover over-allotments, if any.

The offer is being made only by means of a prospectus. Copies of the prospectus can be obtained, when available, from BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus Department, or by mail email to dg.prospectus —[email protected]

A registration statement relating to the securities was declared effective by the Securities and Exchange Commission (the “SEC”) on November 23, 2021. This press release does not constitute an offer to sell or the solicitation of an offer to buy , nor be any sale of such securities in any state or jurisdiction in which such offering, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction.

About Everest Consolidator Acquisition Corporation

The Company is a blank check company sponsored by a subsidiary of Belay Associates, LLC and formed for the purpose of completing a merger, stock exchange, asset acquisition, share purchase, reorganization or consolidation similar companies with one or more companies or entities. The Company intends to focus its search for business combination targets in the wealth management industry, including independent financial advisory providers as well as technology companies focused on wealth management, although it can pursue an acquisition in any sector or business sector.

Forward-looking statements

This press release contains statements that constitute “forward-looking statements”, including with respect to the initial public offering of the Company and the intended use of the net proceeds. No guarantee can be given that the Offer will be completed as described, or not at all, or that the net proceeds of the Offer will be used as stated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set out in the Risk Factors section of the Company’s registration statement and prospectus for the offer filed with the SEC. . Copies are available on the SEC’s website, www.sec.gov. The Company assumes no obligation to update these statements for revisions or changes after the date of this posting, except as required by law.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211123006219/en/

CONTACT: Investor contacts:

Katherine paulson

[email protected]

Chris Sullivan

[email protected]

212-473-4442

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: FINANCING OF PROFESSIONAL SERVICES

SOURCE: Everest Consolidator Acquisition Corporation

Copyright Business Wire 2021.

PUB: 23/11/2021 19:30 / DISC: 23/11/2021 19:32

http://www.businesswire.com/news/home/20211123006219/en

Copyright Business Wire 2021.


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