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Re: old fat and filthy rich post# 21542

Friday, 03/21/2025 11:00:26 AM

Friday, March 21, 2025 11:00:26 AM

Post# of 25059
Everest Consolidator Acquisition Corporation NYSE: MNTN Now EVCO as of 2/27/2025 is a special purpose acquisition company (SPAC) As a SPAC, it was initially funded through an IPO and sponsor contributions. While specific details about its current financial backing as of March 21, 2025, are not fully outlined in the available data, there are key indicators of its financial structure and support. Historically, Everest Consolidator raised funds through its IPO in November 2021, where it sold 17.25 million units at $10 each, generating $172.5 million, which was placed in a trust account to fund a future business combination. Additionally, its sponsor, Everest Consolidator Sponsor, LLC, has demonstrated financial commitment by depositing funds into the trust account to extend the deadline for completing a business combination. For instance, on May 26, 2023, the sponsor deposited $1.725 million (representing $0.10 per public share) to extend the timeline, indicating ongoing financial support to keep the SPAC operational. In November the deadline was extended to 5/2025 to find a fit.

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