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
