Black Mountain Acquisition priced its upsized IPO of 24 million units at a price of $10 each, an increasde of 4 million units more than initially registered last month.
Units list on the NYSE and begin trading today under BMAC.U. Each consists of one share and three quarters of a warrant. Once the securities begin separate trading, shares and warrants are expected to list under BMAC and BMAC WS.
The SPAC’s focus is on the energy value chain.
The offering is expected to close Oct. 18.
EarlyBirdCapital and Stephens are joint book-running managers and representatives of the underwriters, who have an option to purchase up to an additional 3.6 million units at the IPO price. Read more.
