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 $0.0001 per
share, and three quarters of one warrant. No fractional warrants
will be issued upon separation of the units and only whole warrants
will trade. The shares of Class A common stock and redeemable
warrants that are separated will trade on the New York Stock
Exchange (the "NYSE") under the symbols "BMAC" and "BMAC WS,"
respectively. Those units not separated will continue to trade on
the NYSE under the symbol "BMAC.U." Holders of the units will need
to have their brokers contact Continental Stock Transfer &
Trust Company, the Company's transfer agent, in order to separate
the holders' units into shares of Class A common stock and
warrants.
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.
View original
content:https://www.prnewswire.com/news-releases/black-mountain-acquisition-corp-announces-separate-trading-of-its-class-a-common-stock-and-warrants-commencing-november-12-2021-301420537.html
SOURCE Black Mountain Acquisition Corp.