Black Mountain Acquisition in a proxy filing seeks an initial three-month deadline extension from April to June 18, plus the option to extend six more times in monthly increments without another shareholder vote.
In return the SPAC would arrange for the lesser deposit into trust of $160,000 or 4 cents a share for each month needed under the extension beyond the first three months, if the measure is approved.
Black Mountain raised $240 million in an October 2021 IPO to focus on the energy value chain. Read more.
