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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1860663	Monterey Innovation Acquisition Corp	MTRY	Blank Checks (6770)	852204842

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1884591	Northstar Bio Ventures, Llc	C/O Monterey Innovation Acquisition Corp. 17 State Street, 21St Floor New York NY 10004		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2023-03-09	570,000	$0.01	1,342,500	No	4	S	Direct
Common Stock	Acquisiton	2023-03-09	75,000	$0.00	1,417,500	No	4	J	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	J	Direct

Footnotes

This Form 4 is being filed by NorthStar Bio Ventures, LLC (the "NorthStar Co-Sponsor"). Sandip I. Patel is a manager of NorthStar Co-Sponsor. Accordingly, Mr. Patel has voting and dispositive power over the shares of common stock (the "founder shares") of Monterey Innovation Acquisition Corp. (the "Company") held by NorthStar Co-Sponsor and may be deemed to beneficially own such shares. Mr. Patel disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
In connection with the Company's previously disclosed management transition, and pursuant to share transfer agreements dated March 9, 2023, NorthStar Co-Sponsor transferred (i) 478,125 founder shares to Chardan Monterey Investments LLC and (ii) 30,625 founder shares to each of the Company's three new directors, in each case, at a price of $0.006 per share.
On March 9, 2023, Sanjeev Satyal resigned as the Company's Chief Executive Officer and, pursuant to an assignment dated March 9, 2023, transferred back to NorthStar Co-Sponsor 75,000 of the founder shares that he received from NorthStar Co-Sponsor prior to the Company's initial public offering.