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HomePress ReleaseEIN PresswireBlack Mountain Acquisition Corp. Announces Extension of Deadline to Complete Initial Business...

Black Mountain Acquisition Corp. Announces Extension of Deadline to Complete Initial Business Combination


Black Mountain Acquisition Corp. Announces Launch of Initial Public Providing

Black Mountain Acquisition Corp. introduced that it has elected to prolong the date by which it has to consummate an preliminary enterprise mixture by one month.

Black Mountain Acquisition Corp. (NYSE:BMAC)

FORT WORTH, TX, UNITED STATES, July 18, 2023/EINPresswire.com/ — Black Mountain Acquisition Corp. (the “Firm”) (NYSE: BMAC, BMAC.U, BMAC WS) introduced right now that its board of administrators has elected to prolong the date by which it has to consummate an preliminary enterprise mixture by one extra month from July 18, 2023 to August 18, 2023 (the “Extension”), as permitted underneath the Firm’s second amended and restated certificates of incorporation.

In reference to the Extension, Black Mountain Sponsor LLC (the “Sponsor”) has deposited $160,000 (the “Extension Fee”) into the Firm’s belief account for its public stockholders (the “Belief Account”) which permits the Firm to effectuate the Extension. The Sponsor loaned the Extension Fee to the Firm via a non-interest-bearing mortgage. If the Firm consummates an preliminary enterprise mixture, it should repay the mortgage out of the proceeds of the Belief Account or, on the choice of the Sponsor, convert all or a portion of such mortgage into warrants for $1.00 per warrant, which warrants might be equivalent to the warrants issued by the Firm in a non-public placement in reference to the Firm’s preliminary public providing. If the Firm doesn’t consummate an preliminary enterprise mixture, it should repay the loans solely from funds held exterior the Belief Account.

About Black Mountain Acquisition Corp.

Black Mountain Acquisition Corp. is a clean test firm fashioned for the aim of effecting a merger, capital inventory trade, asset acquisition, inventory buy, reorganization or comparable enterprise mixture with a number of companies.

Ahead-Trying Statements

This press launch might embrace, and oral statements produced from time to time by representatives of the Firm might embrace, “forward-looking statements” inside the which means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Change Act. All statements apart from statements of historic truth included on this press launch are forward-looking statements. When used on this press launch, phrases similar to “anticipate,” “consider,” “proceed,” “might,” “estimate,” “count on,” “intend,” “might,” “would possibly,” “plan,” “potential,” “potential,” “predict,” “challenge,” “ought to,” “would” and comparable expressions, as they relate to the Firm or its administration group, might establish forward-looking statements. Such forward-looking statements are based mostly on the beliefs of administration, in addition to assumptions made by, and data at the moment out there to, the Firm’s administration. Precise outcomes might differ materially from these contemplated by the forward-looking statements in consequence of sure components detailed within the Firm’s filings with the U.S. Securities and Change Fee (the “SEC”). All subsequent written or oral forward-looking statements attributable to the Firm or individuals appearing on its behalf are certified of their entirety by this paragraph. Ahead-looking statements are topic to quite a few circumstances, many of that are past the management of the Firm, together with these set forth within the Danger Components part of the Firm’s most just lately filed Annual Report on Type 10-Okay, any subsequently filed Quarterly Stories on Type 10-Q, any subsequently filed Present Stories on Type 8-Okay and in different studies we file with the SEC. Ought to a number of of these dangers or uncertainties materialize, or ought to any of our assumptions show incorrect, precise outcomes might differ in materials respects from these projected in these forward-looking statements. The Firm undertakes no obligation to replace or revise any forward-looking statements, whether or not in consequence of new data, future occasions or in any other case, besides as could also be required underneath relevant securities legal guidelines.

Jacob Smith
Black Mountain
press@blackmtn.com

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