Black Mountain Acquisition Corp.

Description

Priced upsized IPO of 24 million units at a price of $10 per unit. Each unit consists of one share of Class A common stock and three quarters of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one share of the Class A common stock at an exercise price of $11.50 per share. Underwriters were granted a 45-day option to purchase up to an additional 3.6 million units at the IPO price. Proceeds will be used for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses focusing on opportunities and companies in the energy industry in North America. EarlyBirdCapital Inc. and Stephens Inc. were book-running managers and representatives of the underwriters.

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Estimated Price
$240.0MM
Financing Type
Report Date