NEW YORK , June 28, 2024 /PRNewswire/ -- Following the previously announced termination of its Business Combination Agreement, dated August 11, 2023 (as subsequently amended and restated) with FC Barcelona, Mountain & Co. I Acquisition Corp. (NASDAQ: MCAA), a publicly traded special purpose acquisition company, today announced its intent to pursue alternative business combination opportunities. While there can be no assurance that these opportunities will result in a definitive agreement or a completed transaction, MCAA is currently involved in ongoing discussions with potential targets.
Spanish soccer club FC Barcelona has financial troubles. But it hopes to fix that with plans to list its content creation unit Barca Media on Nasdaq. The deal will be done via a SPAC merger that would value that business at $1 billion, according to Fortune.