Black Mountain Acquisition Corp. announced that it has entered into private placement of a unsecured promissory note in the principal amount of $160,000 in connection with the extension on June 16, 2023. The transaction will include participation from returning lender, Black Mountain Sponsor LLC.

The note bears no interest and is due and payable upon the earlier to occur of the date on which the company consummates a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination, involving the Company and one or more businesses or entities and the liquidation of the company on or before July 18, 2023 unless such date is extended pursuant to the company?s second amended. The issuance of the note was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933 as amended. The company issued at par value.