| Item 7.01 |
Regulation FD Disclosure. |
On November 8, 2023, Black Mountain Acquisition Corp. (the “Company”) filed a Current Report on Form 8-K
disclosing, among other things, that, as of November 8, 2023, the redemption price per share was approximately $10.63, based on the aggregate amount on deposit in the trust account established in connection with the Company’s initial
public offering (the “Trust Account”) of approximately $52,552,184.80 (net of interest expected to be released to the Company to pay taxes), divided by the total number of outstanding shares of the Company’s Class A common stock,
par value $0.0001 per share, initially sold as part of the units in the Company’s initial public offering.
The Company is filing this Current Report
on Form 8-K to confirm that the per share redemption price of $10.63 is accurate as of November 8, 2023. Following the filing of the Definitive Proxy Statement on Schedule 14A by the Company with the U.S.
Securities and Exchange Commission (the “SEC”) on March 24, 2023, in order to mitigate the risk of the Company being deemed to be an unregistered investment company (including under the subjective test of Section 3(a)(1)(A) of
the Investment Company Act of 1940, as amended (the “Investment Company Act”)), and thus subject to regulation under the Investment Company Act, the funds in the Trust Account were moved to a
non-interest bearing demand deposit account. However, since October 2023, the funds in the Trust Account have been held in an interest bearing demand deposit account, and the Company intends to remain invested
in an interest-bearing demand deposit account until the earlier to occur of (i) the date on which the Company consummates a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination,
involving the Company and one or more businesses or entities and (ii) the liquidation of the Company.
Participants in the Solicitation
The Company and its directors and executive officers may be deemed participants in the solicitation of proxies from the Company’s
stockholders with respect to proposals voted on at the Special Meeting. Information regarding the Company’s directors and executive officers and a description of their interests in the Company is contained in the Definitive Proxy Statement on
Schedule 14A (the “Proxy Statement”) filed with the SEC on October 24, 2023 and the Company’s Annual Report on Form 10-K filed with the SEC on March 31, 2023, which are
available free of charge at the SEC’s web site at www.sec.gov, or by directing a request to Black Mountain Acquisition Corp., 425 Houston Street, Suite 400, Fort Worth, Texas 76102.
No Offer or Solicitation
This Current
Report on Form 8-K shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of any business combination. This Current Report on Form 8-K shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer,
solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of
the Securities Act of 1933, as amended (“Securities Act”).
Forward-Looking Statements
This Current Report on Form 8-K includes “forward-looking statements” within the
meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. The Company’s actual results may differ from its expectations, estimates and projections and consequently, you should not
rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,”
“plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or
expressions) are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these
factors are outside the Company’s control and are difficult to predict. The Company cautions investors not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or
accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to
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