false 0001860663 0001860663 2023-11-20 2023-11-20 0001860663 MTRY:UnitsMember 2023-11-20 2023-11-20 0001860663 us-gaap:CommonStockMember 2023-11-20 2023-11-20 0001860663 MTRY:RedeemableWarrantsMember 2023-11-20 2023-11-20 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 8-K

  

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported): November 20, 2023

 

Monterey Innovation Acquisition Corp.
(Exact name of registrant as specified in its charter)

 

Delaware
(State or other jurisdiction
of incorporation)		 001-40861
(Commission
File Number)		 85-2204842
(I.R.S. Employer
Identification No.)

  

17 State Street
21st Floor
New York, NY
(Address of principal executive offices)		 10004
(Zip Code)

  

(917) 267-0216
(Registrant’s telephone number, including area code)

 

Not Applicable
(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  
¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  
¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  
¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which
registered
Units, each consisting of one share of Common Stock and one redeemable Warrant   MTRYU   The Nasdaq Stock Market LLC
Common Stock, par value $0.0001 per share   MTRY   The Nasdaq Stock Market LLC
Redeemable Warrants, each Warrant exercisable for one share of Common Stock at an exercise price of $11.50 per share   MTYRW   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company  x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

 

 

 

 

 

 

Item 8.01. Other Events.

 

As previously announced, Monterey Innovation Acquisition Corp. (the “Company”) set a redemption date of November 20, 2023 to redeem all of its outstanding shares of common stock, par value $0.0001, sold in its initial public offering (the “public shares”), because the Company was not able to consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation, as amended. On November 30, 2023, the trust account established in connection with the Company’s initial public offering was liquidated and all of the Company’s public shares were redeemed at a per share redemption price of approximately $11.28 per share.

 

On November 20, 2023, the Nasdaq Stock Market LLC filed a Form 25 with the Securities and Exchange Commission (the “SEC”) to delist the Company’s securities. The Company expects to file a Form 15 with the SEC to terminate the registration of its securities under the Securities Exchange Act of 1934, as amended.

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  Monterey Innovation Acquisition Corp.
   
   
  By: /s/ Murat Omur
    Name:   Murat Omur
    Title: Chief Executive Officer

 

Date: December 1, 2023

 

 

 

v3.23.3
Cover
Nov. 20, 2023
Document Type 8-K
Amendment Flag false
Document Period End Date Nov. 20, 2023
Entity File Number 001-40861
Entity Registrant Name Monterey Innovation Acquisition Corp.
Entity Central Index Key 0001860663
Entity Tax Identification Number 85-2204842
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 17 State Street
Entity Address, Address Line Two 21st Floor
Entity Address, City or Town New York
Entity Address, State or Province NY
Entity Address, Postal Zip Code 10004
City Area Code 917
Local Phone Number 267-0216
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company true
Elected Not To Use the Extended Transition Period false
Units [Member]  
Title of 12(b) Security Units, each consisting of one share of Common Stock and one redeemable Warrant
Trading Symbol MTRYU
Security Exchange Name NASDAQ
Common Stock [Member]  
Title of 12(b) Security Common Stock, par value $0.0001 per share
Trading Symbol MTRY
Security Exchange Name NASDAQ
Redeemable Warrants [Member]  
Title of 12(b) Security Redeemable Warrants, each Warrant exercisable for one share of Common Stock at an exercise price of $11.50 per share
Trading Symbol MTYRW
Security Exchange Name NASDAQ
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