Black Mountain Acquisition in an 8-K said the Nov. 14 shareholder meeting to vote on an extension proposal has been pushed back to Nov. 17 at 10 a.m. Eastern.
The SPAC 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, Black Mountain’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 filed last month. It has not yet announced a deal. Read more.
