Black Mountain Acquisition (BMAC) - 2023 Q1 - Quarterly Report
Black Mountain Acquisition (BMAC)2023-05-18 23:09
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- ...