EVEREST CONSOLIDATOR ACQUISITION CORP : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Unregistered Sale of Equity Securities, Other Events, Financial Statements and Exhibits (form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.

Pursuant to the Amended and Restated Certificate of Incorporation (the "Certificate") of Everest Consolidator Acquisition Corporation (the "Company"), in the event that the Company has not completed an initial Business Combination (as defined in the Certificate) by February 28, 2023, the Company's board of directors may extend the period of time to consummate an initial Business Combination by two additional three month periods, provided, in each case, that Everest Consolidator Sponsor, LLC (the "Sponsor") has deposited into the Trust Account (as defined in the Certificate) $1,725,000 in exchange for private placement warrants, at a rate of $1.50 per private placement warrant, on the same terms as the private placement warrants issued on the date of the closing of the Company's initial public offering.

Extension Warrants Purchase Agreement

On February 28, 2023, the Company entered into a Private Placement Warrants Purchase Agreement (the "Extension Warrants Purchase Agreement") with the Sponsor pursuant to which the Company issued to the Sponsor 1,150,000 private placement warrants (the "Extension Private Placement Warrants"), at a rate of $1.50 per private placement warrant, on the same terms as the private placement warrants issued to the Sponsor in connection with the closing of the Company's initial public offering. The Company issued the Extension Private Placement Warrants in exchange for the Sponsor's deposit of $1,725,000, representing $0.10 per share of the Company's Class A common stock held by public stockholders, into the Trust Account (the "Deposit"). Accordingly, pursuant to the Certificate, the Company has extended the period of time that it has to consummate its initial Business Combination by a period of three months from February 28, 2023 to May 28, 2023 (the "Initial Extension").

The foregoing description is qualified in its entirety by reference to the Extension Warrants Purchase Agreement, a copy of which is attached as Exhibit 10.1 hereto and is incorporated herein by reference.

Conditional Guaranty Agreement

In connection with the Initial Extension, the Company also entered into a Conditional Guaranty Agreement (the "Conditional Guaranty Agreement") in favor of the Noteholder (defined below) in respect of a promissory note with an aggregate original principal amount of $1,725,000 (the "Note") issued and sold by the Sponsor to a third-party investor (the "Noteholder"). Pursuant to the Conditional Guaranty Agreement, the Company shall, subject to the Company's consummation of an initial Business Combination prior to the Termination Date (as defined in the Certificate), guarantee the payment when due of all principal and accrued interest owed by the Sponsor under the Note. The Company's obligations under the Conditional Guaranty Agreement will terminate upon the earliest to occur of (i) the payment in full or discharge and termination of the Note, (ii) the failure to consummate an initial Business Combination prior to the Termination Date or (iii) immediately prior to the voluntary or involuntary liquidation, dissolution or winding up of the Company. The Noteholder has waived any right, title, interest and claim of any kind in or to any monies in the Trust Account.

The foregoing description is qualified in its entirety by reference to the of the Conditional Guaranty Agreement, a copy of which is attached as Exhibit 10.2 hereto and is incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an

           Off-Balance Sheet Arrangement of a Registrant.

The disclosure contained in Item 1.01 of this Current Report on Form 8-K under the heading "Conditional Guaranty Agreement" is incorporated by reference in this Item 2.03.

Item 3.02. Unregistered Sales of Equity Securities.

The disclosure contained in Item 1.01 of this Current Report on Form 8-K under the heading "Extension Warrants Purchase Agreement" is incorporated by reference in this Item 3.02. The issuance of the Extension Private Placement Warrants was made pursuant to the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended.

Item 8.01. Other Events.

On March 1, 2023, the Company issued a press release announcing that the Deposit had been timely made to effect the Initial Extension, as approved by the Company's board of directors on February 28, 2023. A copy of the press release is filed herewith as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

  (d) Exhibits




Exhibit No.                          Description of Exhibits
  10.1          Extension Warrants Purchase Agreement, dated February 28, 2023,
              between the Company and the Sponsor.
  10.2          Conditional Guaranty Agreement, dated February 28, 2023.
  99.1          Press Release, dated March 1, 2023.
104           Cover Page Interactive Data File (embedded within the Inline XBRL
              document).

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