Black Mountain Acquisition Corp.: debt financing — Black Mountain Acquisition Corp. extends business combination deadline to October 18, 2023

Black Mountain Acquisition Corp.

Board extended deadline from Sept 18, 2023 to Oct 18, 2023; fourth of six one-month extensions allowed.
Sponsor deposited $160,000 into trust account via non-interest-bearing promissory note to fund extension.
Note due upon earlier of business combination or liquidation on/before Oct 18, 2023; may convert to warrants at $1 each.
If no business combination, repayment only from funds outside the trust account.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Black Mountain Acquisition Corp. incurred loan of $160,000 with Black Mountain Sponsor LLC (the "Sponsor") at no interest maturing due and payable upon the earlier to occur of (i) the date on which the Company consummates a merger, capital stock exchange, asset acquisition, stock purchase,.

Instrument: loan
Principal: $160,000
Counterparty: Black Mountain Sponsor LLC (the "Sponsor")
Rate: no interest
Maturity: due and payable upon the earlier to occur of (i) the date on which the Company consummates a merger, capital stock exchange, asset acquisition, stock purchase,
Event: incurrence

Exact text from the filing

On September 14, 2023, Black Mountain Acquisition Corp. (the "Company") issued an unsecured promissory note (the "Note") to Black Mountain Sponsor LLC (the "Sponsor") in the principal amount of $160,000 in connection with the Extension (as defined below).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Black Mountain Acquisition Corp. entered into Promissory Note with Black Mountain Sponsor LLC valued at $160,000 (effective 2023-09-14).

Action: entry
Counterparty: Black Mountain Sponsor LLC
Value: $160,000
Effective: 2023-09-14

Exact text from the filing

On September 14, 2023, Black Mountain Acquisition Corp. (the “Company”) issued an unsecured promissory note (the “Note”) to Black Mountain Sponsor LLC (the “Sponsor”) in the principal amount of $160,000

View on SEC.gov

Browse all debt financings →

Source: SEC EDGAR

accession 0001193125-23-235537

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.