They are a newly formed Delaware corporation. Black Mountain Acquisition Corp. was established by Rhett Bennett, founder of the Black Mountain Entities, including Black Mountain Oil & Gas LLC (“Black Mountain Oil & Gas”), Black Mountain Oil & Gas II LLC, Black Mountain Sand LLC (“Black Mountain Sand”), Black Mountain Metals LLC, Black Mountain Minerals LLC, Wing Resources LLC and Black Mountain Midstream LLC, many of which he continues to lead as Chief Executive Officer. They intend to identify and acquire a business that could benefit from a hands-on owner with extensive transactional, financial, managerial and investment experience in the energy value chain that presents potential for an attractive risk-adjusted return profile under their stewardship. They believe that their management team has a unique and differentiated perspective based upon their broad, 24-year heritage investing across global energy markets. They believe many businesses in the exploration and production industry or broader energy value chain could benefit from access to public markets but have been unable to do so due to a number of factors, including the time and expense required to conduct a traditional initial public offering, market volatility and pricing uncertainty.