Black Mountain Acquisition Corp. Announces Separate Trading of its Class A Common Stock and Warrants, Commencing November 12, 2021
Black Mountain Acquisition Corp. announced that starting November 12, 2021, investors can trade shares of Class A common stock and warrants separately from the units sold in its IPO. The Class A common stock will trade under the symbol BMAC and redeemable warrants under BMAC WS. Units that remain unseparated will continue to trade as BMAC.U. The initial offering was managed by EarlyBirdCapital, Inc. and Stephens Inc. The company aims to target opportunities in the North American energy sector for future acquisitions.
- Separation of trading for Class A common stock and warrants could enhance liquidity.
- Focused on acquiring energy sector companies, indicating potential for strategic growth.
- Dependence on successful mergers or acquisitions to create shareholder value.
- No immediate financial data or projected revenue from future acquisitions mentioned.
FORT WORTH, Texas, Nov. 9, 2021 /PRNewswire/ -- Black Mountain Acquisition Corp. (the "Company") today announced that commencing November 12, 2021, holders of the units sold in the Company's initial public offering may elect to separately trade the shares of Class A common stock and warrants included in the units. Each unit consists of one share of Class A common stock, par value
The units were initially offered by the Company in an underwritten offering. EarlyBirdCapital, Inc. and Stephens Inc. acted as book-running managers.
A registration statement relating to the units and the underlying securities became effective on October 13, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A copy of the final prospectus relating to the offering may be obtained for free by visiting the U.S. Securities and Exchange Commission (the "SEC") website at http://www.sec.gov.
ABOUT BLACK MOUNTAIN ACQUISITION CORP.
Black Mountain Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus its search for a target business on opportunities and companies in the energy industry in North America.
FORWARD LOOKING STATEMENTS
This press release contains statements that constitute "forward-looking statements." Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the Company's initial public offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
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SOURCE Black Mountain Acquisition Corp.
FAQ
When can I start trading BMAC shares separately?
What symbols will BMAC common stock and warrants trade under?
What happens to units not separated?
Who managed Black Mountain Acquisition Corp.'s initial public offering?
What is the focus area for Black Mountain Acquisition Corp.'s future acquisitions?
