Black Mountain Acquisition in a proxy seeks shareholder approval for an additional six months beyond the current Dec. 18 cutoff to complete a deal. The proposal does not include additional contributions to the trust. When the current round of monthly extensions expires in mid-December, the SPaC’s sponsor will have deposited $800,000 into trust for the extra time.
Black Mountain raised $240 million in an October 2021 IPO to focus on the energy value chain, although the trust now stands at about $52.6 million, according to the proxy. It has not yet announced a deal. Read more.
