SCHEDULE: MGD Holdings Reports 8% Stake in MNTN, Inc.
Beneficial Ownership Report
MGD Holdings and CCT Services 1 Limited have disclosed a shared beneficial ownership of 8.0% of MNTN, Inc.'s Class A Common Stock.
Summary
- MGD Holdings and CCT Services 1 Limited jointly reported beneficial ownership of 4,154,041 shares of MNTN, Inc.'s Class A Common Stock.
- This ownership represents 8.0% of the total Class A Common Stock outstanding.
- The calculation is based on 48,269,318 shares of Class A Common Stock outstanding as of June 30, 2025, and assumes conversion of Class B Common Stock to Class A.
- MGD Holdings directly holds 281,250 shares of Class A Common Stock and 3,872,791 shares of Class A Common Stock underlying Class B Common Stock.
- CCT Services 1 Limited, as the sole director of MGD Holdings, exercises shared voting and dispositive power over all 4,154,041 shares.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of significant beneficial ownership, common in the financial industry for transparency regarding large stakes in publicly traded companies. It does not provide specific industry trends or competitive analysis.
Related Party Transactions
- MGD Holdings is the beneficial owner of the shares, and CCT Services 1 Limited, as the sole director of MGD Holdings, is deemed to share beneficial ownership due to its control over voting and dispositive decisions.
Stakeholder Impact
- Shareholders: The disclosure of a significant 8.0% stake by MGD Holdings and CCT Services 1 Limited provides transparency regarding a major institutional investor's position in MNTN, Inc., which can influence market perception and trading activity.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Date of event which required the filing of this statement, reflecting the beneficial ownership position. |
| 08/14/2025 | Date the Schedule 13G statement was signed by MGD Holdings and CCT Services 1 Limited. |
Keywords
MNTN Inc, MGD Holdings, CCT Services 1 Limited, Beneficial Ownership, Class A Common Stock, SEC Filing, Schedule 13G, Institutional Ownership
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