As previously disclosed, on June 27, 2024, Mountain & Co. I Acquisition Corp. ("MCAA") notified Nasdaq that, as a result of the resignation of Miles Gilburne from MCAA's Board of Directors (the "Board"), MCAA was no longer in compliance with Nasdaq Listing Rule 5605(c)(2)(A), which requires MCAA's Audit Committee to be composed of at least three independent directors, and Nasdaq Listing Rule 5605(b)(1), which requires a majority of the Board to be comprised of Independent Directors. On July 15, 2024, MCAA received a notice from the Listing Qualifications Department of Nasdaq stating that consistent with Nasdaq Listing Rules 5605(b)(1)(A) and 5605(c)(4), MCAA is entitled to a cure period in order to regain compliance as described in MCAA's Form 8-K, filed with the Securities and Exchange Commission on July 2, 2024.

Forward-Looking Statements

This Form 8-K contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this Form 8-K are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "may," "should," "expect," "intend," "will," "anticipate," "believe," "predict," "plan," "targets," "projects," "could," "would," "continue," or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. For example, there can be no assurance that MCAA will regain compliance with Nasdaq Listing Rule 5605(c)(4)(B) and 5605(b)(1)(A) or otherwise meet Nasdaq compliance standards. All forward-looking statements are based upon estimates, forecasts and assumptions that, while considered reasonable by MCAA and its management, are inherently uncertain and many factors may cause the actual results to differ materially from current expectations which include, but are not limited to the risks and uncertainties set forth under the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements and Risk Factor Summary" in MCAA's Annual Report on Form 10-K for the year ended December 31, 2023, which was filed with the Securities and Exchange Commission (the "SEC") on May 23, 2024, as such factors may be updated from time to time in MCAA's filings with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made and MCAA does not undertake any duty to update these forward-looking statements, except as otherwise required by law.