SCHEDULE 13G: Rincon Venture Partners Discloses 6.8% Stake in MNTN Inc.

Rincon Venture Partners and affiliated entities, led by Jim Andelman, reported a combined beneficial ownership of 6.8% of MNTN Inc.'s Class A Common Stock.

Summary

• Rincon Venture Partners, LLC, Rincon Venture Partners, L.P., Rincon Venture Associates II, LLC, Rincon Venture Partners II, L.P., Rincon Venture Partners II QP, L.P., Bonfire Select Associates II, LLC, Bonfire Ventures Select II, L.P., and James Michael Andelman collectively reported beneficial ownership in MNTN, Inc.
• The beneficial ownership is in MNTN, Inc.'s Class A Common Stock, par value $0.0001 per share, with CUSIP Number 55318A108.
• As of June 30, 2025, the total number of Class A Common Stock outstanding was 48,269,318 shares, including the assumed conversion of Class B Common Stock.
• James Michael Andelman reported an aggregate beneficial ownership of 3,483,927 shares, representing 6.8% of the Class A Common Stock.
• Rincon Venture Partners, L.P. beneficially owns 1,277,231 shares (2.6%).
• Rincon Venture Partners II, L.P. beneficially owns 1,647,565 shares (3.3%).
• Rincon Venture Partners II QP, L.P. beneficially owns 318,244 shares (0.7%).
• Bonfire Ventures Select II, L.P. is the record holder of 240,887 shares (0.5%).
• Jim Andelman serves as the sole managing member for Rincon Venture Partners, LLC and Rincon Venture Associates II, LLC, which are general partners for the respective Rincon Venture funds, granting him shared voting and investment decisions.
• Jim Andelman is also a manager for Bonfire Select Associates II, LLC, the manager of Bonfire Ventures Select II, L.P., but disclaims beneficial ownership of those specific securities.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership, providing no direct positive or negative sentiment regarding the company's performance or prospects. It is neutral in tone and content.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of significant passive ownership by venture capital funds and their principals in a publicly traded company. It reflects an investment position rather than a strategic industry move or operational update.

Stakeholder Impact

• Shareholders: The disclosure of a significant 6.8% stake by institutional investors and their principal indicates a notable level of institutional confidence or interest in MNTN, Inc. This can be viewed positively by other investors as it signals a substantial, albeit passive, investment.

Key Dates

Keywords

MNTN Inc., Class A Common Stock, Beneficial Ownership, Schedule 13G, Rincon Venture Partners, Bonfire Ventures, Institutional Investor, Equity Stake