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): September 6, 2023
Mercato Partners Acquisition Corporation
(Exact name of registrant as specified in its charter)
| Delaware | 001-41017 | 86-2230021 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
2750 E. Cottonwood Parkway Suite #500 Cottonwood Heights, Utah | 84121 | |
| (Address of Principal Executive Offices) | (Zip Code) |
(801) 220-0055
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☒ | Written communication 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 | Name of each exchange on which registered | ||
| Units, each consisting of one share of Class A common stock and one-half of one warrant | MPRAU | The Nasdaq Stock Market LLC | ||
| Class A common stock, par value $0.0001 per share | MPRA | The Nasdaq Stock Market LLC | ||
| Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share | MPRAW | 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 ☒
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, on February 3, 2023, Mercato Partners Acquisition Corporation, a Delaware corporation (“Mercato”) held a special meeting of stockholders to consider, among other things, proposals to amend Mercato’s second amended and restated certificate of incorporation in order to further extend the period Mercato has to complete an initial business combination beyond July 8, 2023 on a monthly basis up to five (5) times, with each extension allowing for an additional one (1) month period, from July 8, 2023 to December 8, 2023, provided that Mercato contributes to the trust account, established at the closing of Mercato’s initial public offering for the benefit of its public stockholders (the “Trust Account”), the amount of $135,000 for each one-month extension, paid on a month-to-month and as-needed basis based on the sole discretion of Mercato’s sponsor, Mercato Partners Acquisition Group, LLC (the “Sponsor”). At the special meeting, the requisite number of stockholders voted in favor of these proposals. Further, as previously announced, on June 30, 2023, Mercato extended the period for Mercato to consummate an initial business combination up to August 8, 2023. On August 4, 2023, Mercato further extended the period for Mercato to consummate an initial business combination up to September 8, 2023.
On September 6, 2023, Mercato received notice from the Sponsor that it was extending the period available to Mercato to consummate an initial business combination from September 8, 2023 to October 8, 2023 (the “September 2023 Extension”). In connection with the September 2023 Extension, on September 6, 2023, the Sponsor deposited $135,000 into the Trust Account, on behalf of Mercato, thereby effectively further extending the period for Mercato to consummate an initial business combination up to October 8, 2023.
Important Information About the Business Combination and Where to Find It
On February 26, 2023, Mercato entered into a business combination agreement with Nuvini Holdings Limited, an exempted company incorporated with limited liability in the Cayman Islands (“Nuvini”), Nvni Group Limited, an exempted company incorporated with limited liability in the Cayman Islands (“New PubCo”) and Nuvini Merger Sub, Inc., a Delaware corporation and direct, wholly-owned subsidiary of Nvini Intermediate 2 Limited, an exempted company incorporated with limited liability in the Cayman Islands.
In connection with the proposed business combination, New PubCo has filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 16, 2023 a registration statement on Form F-4, which includes a preliminary proxy statement/prospectus and other relevant documents. New PubCo intends to file a definitive proxy statement/prospectus to be distributed to Mercato’s stockholders in connection with Mercato’s solicitation of proxies for the vote by Mercato’s stockholders with respect to the proposed business combination and other matters as may be described in the registration statement, as well as the prospectus relating to the offer and sale of the securities of New PubCo to be issued in connection with the proposed business combination.
THIS CURRENT REPORT ON FORM 8-K IS NOT A SUBSTITUTE FOR THE REGISTRATION STATEMENT, THE DEFINITIVE PROXY STATEMENT/PROSPECTUS OR ANY OTHER DOCUMENT THAT MERCATO WILL SEND TO ITS STOCKHOLDERS IN CONNECTION WITH THE PROPOSED BUSINESS COMBINATION.
INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THE REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION AND THE PARTIES TO THE PROPOSED BUSINESS COMBINATION.
Investors and security holders will be able to obtain copies of the definitive proxy statement/prospectus (if and when available) and other documents filed with the SEC free of charge at www.sec.gov. The definitive proxy statement/final prospectus (when available) will be mailed to Mercato stockholders as of a record date to be established for voting on the proposed business combination. Mercato stockholders will also be able to obtain copies of the definitive proxy statement/prospectus without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to: Mercato Partners Acquisition Corporation, 2750 E. Cottonwood Parkway, Suite #500, Cottonwood Heights, Utah 84121, or MPRA@mercatopartners.com.
Participants in the Solicitation
Mercato, New PubCo and Nuvini, and their respective directors, executive officers, other members of management, and employees, under SEC rules, may be deemed participants in the solicitation of proxies of Mercato stockholders in connection with the proposed business combination. Investors and security holders may obtain more detailed information regarding the names and interests in the proposed business combination of the directors and officers of Mercato, New PubCo and Nuvini in the registration statement on Form F-4, initially filed with the SEC by New PubCo on June 16, 2023, which includes a preliminary proxy statement/prospectus of Mercato for the proposed business combination. Information about Mercato’s directors and executive officers is also available in Mercato’s filings with the SEC.
No Offer or Solicitation
This Current Report on Form 8-K shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities in respect of the proposed business combination. This Current Report on Form 8-K is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any securities in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer 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.
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.
Dated: September 7, 2023
| Mercato Partners Acquisition Corporation | ||
/s/ Scott Klossner | ||
| Name: | Scott Klossner | |
| Title: | Chief Financial Officer | |
