Black Mountain Acquisition Corp.: Nasdaq/NYSE listing notice — Black Mountain Acquisition Corp. to redeem public shares at ~$10.76, dissolve after failing to close deal

Black Mountain Acquisition Corp.

NYSE notified delisting for failure to maintain $40M market cap; company will not appeal, trading suspended.
All public shares redeemed on Dec 21, 2023 at ~$10.76 per share from trust account.
Warrants expire worthless; no redemption or distribution for warrants, founder shares, or sponsor shares.
Company will cease operations after Dec 21 and file Form 15 to deregister securities.
Previously, 2,828,980 public shares redeemed at ~$10.66, removing $30.2M from trust.

item 3.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Black Mountain Acquisition Corp. received a nyse delisting notice notice regarding market value (rules 802.01B).

Exchange: nyse
Notice: delisting notice
Deficiency: market value
Rules: 802.01B

Exact text from the filing

ch consisting of one share of Class A Common Stock and three-quarters of one warrant, each exercisable for one share of Class A Common Stock (the “Warrants”), and Warrants, from the NYSE. The Notice indicated that the Staff reached its decision to delist the Company’s securities pursuant to Section 802.01B of the NYSE’s Listed Company Manual because the Company had fallen below the NYSE’s continued listing standard requiring a listed acquisition company to maintain an average aggregate global market capitalization attributable to its publicly-held shares over a consecutive 30 trading day perio

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Source: SEC EDGAR

accession 0001193125-23-291883

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