Fenwick Represents Underwriters in MNTN's Initial Public Offering

Fenwick represented the underwriters in MNTN, Inc.'s (NYSE: MNTN) initial public offering. The company is a technology platform that brings performance marketing to Connected TV. The total offering size is $187 million, consistings of 8,400,000 shares of Class A common stock being offered by MNTN and 3,300,000 shares of Class A common stock being offered by some of MNTN's existing stockholders at an initial public offering price of $16.00 per share. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,755,000 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions.

Morgan Stanley, Citigroup and Evercore ISI are acting as lead book-running managers for the offering. Citizens Capital Markets & Advisory, Needham & Company, Raymond James and Susquehanna Financial Group, LLLP are also acting as bookrunners. Loop Capital Markets and Tigress Financial Partners are acting as co-managers.

The offering is expected to close on May 23, 2025, subject to customary closing conditions. More information can be obtained from the news announcement.

The Fenwick transaction team included corporate partners Ran Ben-Tzur and Ryan Mitteness and associates Meg Moloney, Susan Lee, Abhi Bukkapatnam and Brandon Ho; tax partner Will Skinner and associate Alexis Maguina; trade and national security partner Melissa Duffy and associate Trevor Coal; ECG partner Liz Gartland and associate Christophe Delrieu; patent partner Daniel Brownstone and associate Bailey Meyer; privacy and cybersecurity counsel Melanie Jolson and associate Kayla Tanaka; and trademark associate Paul Famiglietti.