Mercato Partners Acquisition Corporation
2750 E. Cottonwood Parkway
Cottonwood Heights, Utah 84121
SUPPLEMENT TO
PROXY STATEMENT DATED JANUARY 18, 2023
FOR SPECIAL MEETING
OF
MERCATO PARTNERS ACQUISITION CORPORATION
Dear Stockholders of Mercato Partners Acquisition Corporation:
Mercato Partners Acquisition Corporation, a Delaware corporation (the “Company”, “we”, “us” or “our”) previously filed its definitive proxy statement dated January 18, 2023 (the “Proxy Statement”) in connection with its special meeting to be held virtually on February 3, 2023 at 11:00 A.M., Eastern time (the “special meeting”), which will be conducted via live webcast register to attend at https://www.cstproxy.com/mercatopartnersspac/2023 and via teleconference using the following dial-in information:
Telephone access (listen-only):
Within the U.S. and Canada:
1 800-450-7155 (toll-free)
Outside of the U.S. and Canada:
+1 857-999-9155 (standard rates apply)
Conference ID: 8727493#
The purpose of this document is to supplement the Proxy Statement with certain additional information as follows:
Inflation Reduction Act of 2022. Reference is made to the Questions and Answers About the Special Meeting section in the Proxy Statement that states, “Will the Company be subject to the new 1% U.S. federal excise tax that could be imposed in connection with redemptions of public shares?” Except for franchise and income taxes, the proceeds placed in the trust account in connection with the Company’s initial public offering and any extension payments, as well as any interest earned thereon, shall not be used to pay for potential excise taxes or any other fees or taxes that may be levied on the Company pursuant to any current, pending or future rules or laws, including without limitation any excise tax due under the Inflation Reduction Act of 2022 on any redemptions or stock buybacks by the Company.
Participants in the Solicitation. The Company and its directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies from the Company’s stockholders in respect of the special meeting and related matters. Information regarding the Company’s directors and executive officers is available in Company’s Proxy Statement dated January 18, 2023. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests are contained in the Proxy Statement.
No Offer or Solicitation. This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Additional Information. The Company has filed with the Securities and Exchange Commission (the “SEC”) the Proxy Statement in connection with the special meeting to consider and vote upon the Extension Amendment Proposal, the Trust Amendment Proposal and other matters and, beginning on or about January 19, 2023, mailed the Proxy Statement and other relevant documents to its stockholders as of the January 11, 2023 record date for the Meeting. The Company’s stockholders and other interested persons are advised to read the Proxy Statement and any other relevant documents that have been or will be filed with the SEC in connection with the Company’s solicitation of proxies for the special meeting because these documents contain important information about the Company, the Extension Amendment Proposal, the Trust Amendment Proposal and related matters. Stockholders may also obtain a free copy of the Proxy Statement, as well as other relevant documents that have been or will be filed with the SEC, without charge, at the SEC’s website located at www.sec.gov or by directing a request to: Mercato Partners Acquisition Corporation, 2750 E. Cottonwood Parkway, Suite #500, Cottonwood Heights, Utah, 84121, (801) 220-0055.