Everest Prices Initial Public Offering

INVESTMENT MANAGEMENT DEALS BLOG

December 27, 2021

On November 23, 2021, Everest Consolidator Acquisition Corporation announced that it had priced its initial public offering.

Everest Consolidator Acquisition Corporation (“Everest”) announced the pricing of its initial public offering (“IPO”) of 15,000,000 units at a price of $10 per unit, with each unit consisting of one share of Everest’s Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles its holder to purchase one share of Class A common stock at a price of $11.50 per share. The underwriter has a 45-day option to purchase an additional 2,250,000 shares at the initial IPO price. The shares were expected to begin trading on the New York Stock Exchange on November 24, 2021 under the ticker symbol “MNTN.U”.

Everest is an operator-led special purpose acquisition company sponsored by an affiliate of Belay Associates, LLC. Everest plans to focus its search for business combination targets on the wealth management industry, although it may pursue an acquisition in any business sector or industry. BofA Securities acted as sole book-running manager on the offering.

To read the press release: please click here.