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NYSE to Commence Delisting Proceeding Against Everest Consolidator Acquisition Corporation (MNTN)

1. NYSE to delist Everest Consolidator Acquisition Corp's securities for non-compliance. 2. Company failed to complete a business combination within three years timeline. 3. MNTN's shares and related units will be suspended from trading immediately.

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0%Current Return
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+0.26%S&P 500
$11.6511/29 03:11 PM EDTEvent Start
$11.6512/02 03:21 PM EDTLatest Updated
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FAQ

Why Very Bearish?

Delisting indicates significant operational issues. Past cases show severe price drops following similar delistings.

How important is it?

Delisting directly affects MNTN's status and marketability. High impact due to investor loss of confidence.

Why Short Term?

Immediate suspension means quick market reaction. Historically, delistings lead to rapid price declines.

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MNTNMNTN.UMNTN WS
NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the three securities enumerated below (“Securities”) of Everest Consolidator Acquisition Corporation (the “Company”) from the Exchange. Trading in the Company’s Securities will be suspended immediately. Symbol Description MNTN Class A common stock, par value $0.0001 per share MNTN.U Units, each consisting of one share of Class A common stock and one-half of one Warrant MNTN WS Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share NYSE Regulation reached its decision to delist the Company’s Securities pursuant to Sections 802.01B and 102.06e. of the NYSE’s Listed Company Manual because the Company failed to consummate a business combination within the shorter of (i) the time period specified by its constitutive documents or by contract or (ii) three years. The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the Company’s Securities upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.

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