Barça Media entered into a definitive agreement to acquire Mountain & Co. I Acquisition Corp. (NasdaqGM:MCAA) in a reverse merger transaction on August 11, 2023. Upon closing of the transaction will result in around 80% of the outstanding shares being owned by Barça Media?s existing shareholders, including Futbol Club Barcelona (?FC Barcelona?), Blaugrana Invest, S.à.r.l. and Libero Football Finance AG. FC Barcelona is expected to own a majority of the shares in Barça Media as a result of the transaction. Upon closing, the Class A common stock of the combined company is expected to be listed on NASDAQ under the ticker symbol ?BRME?. Barça Media will continue to be managed by a team of sports, media and entertainment professionals headed by Spanish media executive Toni Cruz as Chief Executive Officer. Upon completion of the business combination, as part of a broader transition team, Mountain & Co. I Acquisition Corp.?s Chief Financial Officer Alexander Hornung and Chief Strategy Officer Thomas Middelhoff will join Barça Media as Chief Financial Officer and Chief Strategy Officer, respectively.

The transaction requires the approval of shareholders of Mountain & Co. I Acquisition Corp., the approval of members of FC Barcelona?s general assembly and is subject to other customary closing conditions and is expected to close in the last quarter of 2023. Key Capital acted as exclusive financial advisor to FC Barcelona. Perez-Llorca acted as lead legal advisor to FC Barcelona and Troutman Pepper Hamilton Sanders LLP acted as a US legal advisor to FC Barcelona. Sullivan & Cromwell LLP acted as lead legal advisor to Mountain & Co. I Acquisition Corp. Stifel acted as capital markets advisor to Mountain & Co. I Acquisition Corp. Kirkland & Ellis LLP acted as legal advisor to Stifel.