Bala Padmakumar - May 10, 2022 Form 3 Insider Report for Monterey Capital Acquisition Corp (MCAC)

Signature
/s/ Bala Padmakumar
Stock symbol
MCAC
Transactions as of
May 10, 2022
Transactions value $
$0
Form type
3
Date filed
5/10/2022, 07:59 PM
Next filing
Mar 27, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding MCAC Class B common stock May 10, 2022 Class A common stock 1.63M See footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in the issuer's registration statement on Form S-1 (File No. 333-264460) under the heading "Description of Securities," the shares of Class B common stock of the issuer will automatically convert into shares of Class A common stock of the issuer at the time of the issuer's initial business combination, on a one-for-one basis, subject to certain adjustments described therein, and have no expiration date.
F2 These shares represent 1,625,000 shares of Class B common stock of the issuer held by Monterrey Acquisition Sponsor, LLC (the "Sponsor"), including an aggregate of up to 300,000 shares subject to forfeiture by the Sponsor to the extent that the underwriter's over-allotment is not exercised in full or in part. The Reporting Person is the managing member of the Sponsor. As such, the Reporting Person may be deemed to have beneficial ownership of such shares. The Reporting Person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.