0001895249 MCACU:RightsEachRightReceivesOnetenthOfOneShareOfClassCommonStockMember 2022-06-28 2022-06-28
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): June 28, 2022
Monterey Capital Acquisition Corporation
(Exact name of registrant as specified in its charter)
| Delaware | | 001-41389 | | 87-2898342 |
(State or other jurisdiction
of incorporation) | | (Commission File Number) | | (IRS Employer
Identification No.) |
419 Webster Street
Monterey, California 93940
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code: (831) 649-7388
Not Applicable
(Former name or former address, if changed since last report)
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 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 Class A common stock and one redeemable Warrant | | MCACU | | The NASDAQ Stock Market LLC |
| Class A common stock, par value $0.0001 per share | | MCAC | | The NASDAQ Stock Market LLC |
| Warrants, each exercisable for one share of Class A common stock for $11.50 per share | | MCACW | | The NASDAQ Stock Market LLC |
| Rights, each right receives one-tenth of one share of Class A common stock | | MCACR | | 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.
Separate Trading of Units, Class A Common Stock, Warrants, and Rights
On June 28, 2022, Monterey Capital Acquisition Corporation (the “Company”) announced that, commencing on July 1, 2022, the holders of units (“Units”) issued in the Company’s initial public offering may elect to separately trade shares of the Company’s Class A common stock, $0.0001 par value per share (“Common Stock”), redeemable warrants and rights included in the Units. Each Unit consists of one share of Common Stock, one redeemable warrant (“Public Warrant”), each Public Warrant exercisable into one share of Common Stock at an exercise price of $11.50 per share, and one right to receive one-tenth of one share of Common Stock upon consummation of the Company’s initial business combination (each a “Right”). Units not separated will continue to trade on the Nasdaq Global Market under the symbol “MCACU.” Shares of Common Stock, the Public Warrants, and the Rights will trade on the Nasdaq Global Market under the symbols “MCAC,” “MCACW,” and “MCACR,” respectively. Holders of Units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the Units into shares of Common Stock, Public Warrants, and Rights.
Item 9.01 Financial Statements and Exhibits.
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 Capital Acquisition Corporation |
| | | |
| | By: | /s/ Bala Padmakumar |
| | | Name: | Bala Padmakumar |
| | | Title: | Chief Executive Officer |
| | | |
| Dated: June 28, 2022 | | |
