Everest Consolidator Acquisition Corporation announced that it expects to receive $1.725 million in funding from Belay Associates LLC

Everest Consolidator Acquisition Corporation announced a private placement of an aggregate of 1,150,000 private placement warrants, at a price of $1.50 per warrant for gross proceeds of $1,725,000 on February 28, 2023. The transaction will close simultaneously with the closing of the public offering. Each private placement warrant is exercisable to purchase one Class A commo share at $11.50 per share.

The transaction will include participation from returning investor Everest Consolidator Sponsor, LLC, a fund managed by Belay Associates LLC. The warrants are non-redeemable in nature. The transaction is expected to close on May 28, 2023.