Schedule 13G: MGD Holdings Reports 4.15M Shares (8%) in MNTN

Rhea-AI Filing Summary

MNTN, Inc. disclosure: This Schedule 13G reports that MGD Holdings beneficially owns 4,154,041 shares of MNTN Class A common stock, equal to 8.0% of the Class A shares outstanding based on 48,269,318 shares. The position comprises 281,250 directly held Class A shares and 3,872,791 Class A-equivalent shares underlying Class B common stock convertible one-for-one.

Voting and dispositive authority for these shares is not held solely: the filing reports 0 shares with sole voting or dispositive power and 4,154,041 shares with shared voting and dispositive power. MGD Holdings is organized in the Cayman Islands and CCT Services 1 Limited (Jersey) is identified as sole director of MGD Holdings and may be deemed to share beneficial ownership.

Positive

• Material disclosure of an 8.0% stake provides transparency about ownership concentration in MNTN.
• Clear breakdown of share composition (281,250 Class A and 3,872,791 Class A-equivalents from Class B) aids investor assessment of economic and voting structure.

Negative

• No sole voting or dispositive power reported (0 shares), indicating the reporting persons do not claim unilateral control over the shares.
• Shared control structure may complicate clarity on who can direct voting decisions, potentially limiting decisive governance action by the holder.

Insights

Securities Analyst

TL;DR: Disclosure shows a material 8.0% stake with shared voting control, notable for ownership concentration but not an acquisition of control.

The filing documents a meaningful 8.0% economic stake in MNTN via 4,154,041 shares out of 48,269,318 Class A shares outstanding. The stake is split between direct Class A holdings and convertible Class B holdings, which affects voting dynamics because all reported voting and dispositive power is shared rather than sole. For investors this is a material ownership disclosure that may influence share supply and governance discussions, but the filing does not indicate any change in operational control or immediate corporate actions.

Corporate Governance Expert

TL;DR: Significant holder disclosed, but absence of sole voting power suggests limited unilateral governance influence despite concentrated economic exposure.

The report clarifies that MGD Holdings' authority is exercised via shared voting and dispositive power over 4,154,041 shares; 0 shares are reported as solely controlled. CCT Services 1 Limited is named as MGD Holdings' sole director and may share beneficial ownership, which is important for evaluating who can act on behalf of the holder. This filing is material to governance analysis because it documents concentration and the effective decision-making chain, but it does not announce any governance changes or proposals.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

MNTN, Inc.

(Name of Issuer)

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

55318A108

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 55318A108

1

Names of Reporting Persons

MGD Holdings

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,154,041.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,154,041.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,154,041.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.0 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP No. 55318A108

1

Names of Reporting Persons

CCT Services 1 Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

JERSEY

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,154,041.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,154,041.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,154,041.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.0 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: MNTN, Inc.
(b)	Address of issuer's principal executive offices: 823 Congress Avenue #1827 Austin, TX, 78768
Item 2.
(a)	Name of person filing: Each of the following is hereinafter individually referred to as a "Reporting Person" and collectively as the "Reporting Persons." This statement is filed on behalf of: MGD Holdings CCT Services 1 Limited
(b)	Address or principal business office or, if none, residence: The principal business address of each of the Reporting Persons is Collas Crill Trust and Corporate Services, Gaspe House, 66-72 Esplanade, St Helier, Jersey JE1 4XD.
(c)	Citizenship: MGD Holdings is organized under the laws of the Cayman Islands. CCT Services 1 Limited is organized under the laws of Jersey.
(d)	Title of class of securities: Class A Common Stock, par value $0.0001 per share
(e)	CUSIP No.: 55318A108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The ownership information presented herein represents beneficial ownership of Class A Common Stock of the Issuer as of June 30, 2025, based upon 48,269,318 shares of Class A Common Stock outstanding as of June 30, 2025, as provided by the Issuer. The ownership information also assumes the conversion of the Class B common stock, par value $0.0001 per share ("Class B Common Stock") of the Issuer into shares of Class A Common Stock on a one-to-one basis. MGD Holdings is the beneficial owner of 4,154,041 shares of Class A Common Stock, which consists of 281,250 shares of Class A Common Stock and 3,872,791 shares of Class A Common Stock underlying shares of Class B Common Stock held directly. Voting and dispositive decisions with respect to the shares held by MGD Holdings are made by its sole director, CCT Services 1 Limited. As such, CCT Services 1 Limited may be deemed to share beneficial ownership of such securities.
(b)	Percent of class: 8.0%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 4,154,041
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 4,154,041
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

MGD Holdings

Signature:	By: CCT Services 1 Limited, /s/ Katie Bonfrer
Name/Title:	Katie Bonfrer, Director
Date:	08/14/2025

Signature:	By: CCT Services 1 Limited, /s/ Nicholas Ward
Name/Title:	Nicholas Ward, Director
Date:	08/14/2025

CCT Services 1 Limited

Signature:	/s/ Katie Bonfrer
Name/Title:	Katie Bonfrer, Director
Date:	08/14/2025

Signature:	/s/ Nicholas Ward
Name/Title:	Nicholas Ward, Director
Date:	08/14/2025

FAQ

How many MNTN shares does MGD Holdings beneficially own?

MGD Holdings beneficially owns 4,154,041 shares of MNTN Class A common stock.

What percentage of MNTN Class A does the 4,154,041 shares represent?

The position represents 8.0% of the Class A shares, based on 48,269,318 Class A shares outstanding as stated in the filing.

How is the 4,154,041-share position composed?

It consists of 281,250 directly held Class A shares and 3,872,791 Class A-equivalent shares underlying Class B common stock convertible one-for-one.

Does MGD Holdings have sole voting or dispositive power over these shares?

No. The filing reports 0 shares with sole voting or dispositive power and 4,154,041 shares with shared voting and dispositive power.

Who is identified as having decision authority over MGD Holdings' voting decisions?

Voting and dispositive decisions for the shares held by MGD Holdings are made by its sole director, CCT Services 1 Limited, which may be deemed to share beneficial ownership.

Where are the reporting persons organized?

MGD Holdings is organized in the Cayman Islands and CCT Services 1 Limited is organized in Jersey.