FC Barcelona („FCB") and Mountain & Co. I Acquisition Corp. („MCAA") today announced an amendment to their existing Business Combination Agreement, dated August 11, 2023, as amended on September 8, 2023, which will further strengthen the partnership between the parties. Through this amendment, the parties will focus on meeting near-term operational targets including strategic alliances for global distribution with industry leading partners. At the same time, the amendment reduces closing conditionality for public shareholders of MCAA. The financial requirements of the business combination have been revised with the objective to enhance structural flexibility. The previous minimum cash condition, designated to cover expenses, has been adjusted to require that Barça Media has not less than €90 million in cash at closing, which amount threshold will be reduced by any cash received by FCB in connection with the contemplated transactions and will be measured prior to the payment of any transaction expenses. The minimum proceeds condition (i.e., the requirement that FCB or its affiliates receive €40 million) can now be met through various sources, and is only required to be satisfied as of the closing of the business combination. Furthermore, FCB‘s previous unilateral termination right, introduced in an earlier amendment, has been removed. As amended, the business combination agreement provides for a termination right by FCB if funding of €40 million has not been received or committed by December 31, 2023. The parties believe that these amendments are reflective of the overall strength of the ongoing collaboration between MCAA and FCB, highlighting the parties' shared vision and the commitment to Barça Media.