Black Mountain Acquisition registered to offer 20 million units at $10 each. A unit consists of one share and one warrant, redeemable for a share at $11.50.
The SPAC’s focus is on the energy value chain.
Black Mountain is led by CEO and Chairman Rhett Bennett, who founded and is CEO of various natural resource companies in the oil and gas, metals and other sectors, including Black Mountain Entities, many of which are sponsored by funds managed by NGP.
The SPAC intends to apply for a NYSE listing under BMAC.U. Read more.
