Black Mountain Acquisition Corp.
BMAC
New York Stock Exchange10.56
USD
-0.04
- -
CIK
0001848020
ISIN
US09216A1088
CUSIP
09216A108
Return %
Stock
S&P500
1Y
3.23
26.53
3Y
7.10
76.60
5Y
7.10
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Rhett C. Bennett CFA
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 425 Houston Street Fort Worth TX United States of America 76102
- IPO Date
- Nov 12, 2021
- CIK
- 0001848020
- Website
- blackmountainaq.com
- Similar Companies
- Business
- Black Mountain Acquisition Corp. Black Mountain Acquisition Corp. is a blank check company focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting opportunities in the energy industry and value chain in North America; it offers no operational products or services beyond its special purpose acquisition structure. Incorporated in 2021 and headquartered in Fort Worth, Texas, the company, founded by Rhett Bennett of the Black Mountain Entities, raised $240 million in its initial public offering in October 2021 through 24 million units at $10 each, underwritten by EarlyBirdCapital and Stephens Inc. Geographically, it concentrates on North American energy sector targets with high-quality assets, substantial upside potential, free cash flow, and operational control. In December 2023, the NYSE commenced delisting proceedings for its Class A common stock (BMAC), units (BMAC.U), and warrants (BMAC WS) due to failure to maintain the required $40 million average aggregate global market capitalization for publicly-held shares; the company subsequently announced redemption of shares effective December 21, 2023, without completing an initial business combination and entered liquidation.