Black Mountain Acquisition Corp. announced the pricing of its upsized $240 million IPO and its shares are expected to begin trading on the NYSE under the symbol “BMAC.U” Thursday, October 14.
The new SPAC intends to focus on energy companies that have high quality assets with substantial upside potential supported by substantial free cash flow and significant operational control. Black Mountain is led by CEO and Chairman Rhett Bennett, along with CFO, CAO, and Secretary Jacob Smith.
Total SPAC deal count for 2021 year-to-date is now 466. This offering is expected to close on Monday, October 18.
EarlyBirdCapital, Inc. and Stephens Inc. are acting as book-running managers and representatives of the underwriters. Vinson & Elkins L.L.P. is serving as Issuer’s Counsel with Graubard Miller serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.