Financial Performance - The Company incurred an effective tax rate of 3.89% for the three months ended September 30, 2023, compared to 25.45% for the same period in 2022 [207]. - For the three months ended September 30, 2022, the company reported a net income of $751,052, which included interest earned of $1,272,095, offset by operating costs of $264,649 and income tax provision of $256,394 [236]. Assets and Liabilities - As of September 30, 2023, the fair value of the Company's assets and liabilities approximates the carrying amounts in the condensed balance sheets due to their short-term nature [203]. - As of September 30, 2023, assets held in the Trust Account included $52,382,270 in a non-interest bearing demand deposit account and a money market fund invested primarily in U.S. Treasury Securities [226]. - Liquidation of securities held in the Trust Account may lead to reduced interest earnings, impacting the amount available for public shareholders upon redemption or liquidation [248]. Trust Account and Financing - Approximately $235.7 million was removed from the Trust Account to pay stockholders who redeemed 22,656,774 Public Shares during the Special Meeting on April 14, 2023 [211]. - On October 13, 2023, the Company deposited $160,000 into the Trust Account, extending the Deadline Date to November 18, 2023 [233]. - The Company issued an unsecured promissory note to the Sponsor for up to $2,000,000 to finance transaction costs related to the Initial Business Combination [217]. - The Company completed a private placement of 13,040,000 private placement warrants at a purchase price of $1.00 per warrant, generating gross proceeds of approximately $13,040,000 [231]. Administrative and Operational Costs - The Company has agreed to pay an affiliate of the Sponsor a total of $10,000 per month for administrative support, incurring $30,000 and $90,000 in administrative service fees for the three and nine months ended September 30, 2023, respectively [218]. - As of September 30, 2023, the company's liquidity needs were met through a payment of $25,000 in offering costs and borrowings under a promissory note of $195,000, which was fully repaid from the IPO proceeds [237]. Regulatory and Compliance Issues - The company has raised concerns regarding its ability to continue as a going concern due to significant costs associated with acquisition plans and the potential need for additional financing [238]. - The company identified material weaknesses in its disclosure controls and procedures during the evaluation period, indicating ineffective controls [242]. - The Inflation Reduction Act of 2022 imposes a new 1% federal excise tax on stock repurchases by publicly traded U.S. corporations, which may impact the company's financial strategies [244]. - The company may face limitations on pursuing certain target companies for its Initial Business Combination due to CFIUS jurisdiction, which could affect its acquisition strategy [246].

Class A common stock, par value $0.0001 per share BMAC The New York Stock Exchange (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-40907 Securities registered pursuant to Section 12(b) of the Act: If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of t ...

Overview Our liquidity needs up to March 31, 2023 had been satisfied through a payment of $25,000 in offering costs by the Sponsor in exchange for the Founder Shares, borrowings under the promissory note of $195,000 and funds held outside of the Trust Account. The promissory note was fully repaid from the proceeds of the Initial Public Offering. 22 Net income per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. We apply the two- ...

BMAC.U The New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Securities registered pursuant to Section 12(b) of the Act: BLACK MOUNTAIN ACQUISITION CORP. (Exact Name of Registrant as Specified in its Charter) If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised fi ...

Table of Contents Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registered Units, each consisting of one share of Class A common stock, $0.0001 par value, and three quarters of one warrant BMAC.U The New York Stock Exchange Class A common stock, par value $0.0001 per share BMAC The New York Stock Exchange Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share BMAC ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-40907 BLACK MOUNTAIN ACQUISITION CORP. | --- | --- | |------------------------------ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-40907 BLACK MOUNTAIN ACQUISITION CORP. (Exact Name of Registrant as Specified in it ...

Table of Contents Title of each classTrading Symbol(s)Name of each exchange on which registered Units, each consisting of one share of Class A common stock, $0.0001 par value, and three quarters of one warrant BMAC.U The New York Stock Exchange Class A common stock, par value $0.0001 per share BMAC The New York Stock Exchange Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share BMAC WS The New York Stock Exchange UNITED STATES SECURITIES AND ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-40907 | --- | --- | |---------------------------------------------------------- ...