Item 4.02. Non-Reliance on Previously Issued Financial Statements or a Related


           Audit Report or Completed Interim Review.

(a) In connection with the preparation of the financial statements of North Mountain Merger Corp., a Delaware corporation (the "Company"), as of and for the three and nine months ended September 30, 2021, the Company's management identified errors made in its historical financial statements where the Company improperly classified a portion of the shares of Class A common stock, par value $0.0001 per share, of the Company (the "Public Shares") subject to possible redemption. The Company had previously classified a portion of the Public Shares in permanent equity because, although the Company did not specify a maximum redemption threshold, the Company's second amended and restated certificate of incorporation provides that the Company will not redeem the Public Shares in an amount that would cause its net tangible assets to be less than $5,000,001. The Company's management re-evaluated the Company's application of Accounting Standards Codification Topic 480, "Distinguishing Liabilities from Equity" ("ASC 480") to its accounting classification of the Public Shares issued as part of the units sold in the Company's initial public offering (the "Initial Public Offering"). Based on such re-evaluation, the Company's management determined that, in accordance with the ASC 480, redemption provisions not solely within the control of the Company would require common stock subject to redemption to be classified outside of permanent equity and therefore all of the Public Shares subject to redemption should be classified outside of permanent equity.

On November 22, 2021, the Company's management and the audit committee of the Company's board of directors (the "Audit Committee"), after consultation with Marcum LLP ("Marcum"), the Company's independent registered public accounting firm, concluded that the Company's previously issued (i) audited balance sheet as of September 22, 2020 included in the Company's Current Report on Form 8-K filed with the SEC on September 28, 2020, (ii) audited financial statements as of December 31, 2020 and for the period from July 14, 2020 (inception) through December 31, 2020, as previously restated in the Company's Annual Report on Form 10-K/A filed with the SEC on May 24, 2021, (iii) unaudited interim financial statements as of September 30, 2020 and for the period from July 14, 2020 (inception) through September 30, 2020 included in the Company's Quarterly Report on Form 10-Q filed with the SEC on November 16, 2020, (iv) unaudited interim financial statements as of and for the three months ended March 31, 2021 included in the Company's Quarterly Report on Form 10-Q filed with the SEC on May 24, 2021 and (v) unaudited interim financial statements as of and for the three and six months ended June 30, 2021 included in the Company's Quarterly Report on Form 10-Q filed with the SEC on August 12, 2021 (collectively, the "Affected Periods"), in each case, should be restated to classify all of the Public Shares as temporary equity and should no longer be relied upon. As a result, the Company intends to (a) file a second amendment to its Form 10-K to restate its audited financial statements as of December 31, 2020 and for the period from July 14, 2020 (inception) through December 31, 2020 as soon as practical to do so (the "Form 10-K/A") and (b) present the effects of the restatement of the Affected Periods in its unaudited financial statements as of September 30, 2021 and for the three and nine months then ended in its quarterly report on Form 10-Q for the quarter ended September 30, 2021 (the "Q3 Form 10-Q").

The Company does not expect any of the above changes will have any impact on its cash position and cash held in the trust account established in connection with the Initial Public Offering.

The Company's management has concluded that a material weakness exists in the Company's internal control over financial reporting as it pertains to the Company's inability to account for complex financial instruments and that the Company's disclosure controls and procedures were not effective. The Company's remediation plan with respect to such material weakness is described in more detail in the Form 10-K/A and the Q3 Form 10-Q.

The Audit Committee and the Company's management have discussed the matters disclosed in this Current Report on Form 8-K with Marcum, the Company's independent registered public accounting firm.

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