BKHA
Black Hawk Acquisition Corporation11.25
+0.00+0%
Dec 15, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
46.73MP/E (TTM)
43.27Basic EPS (TTM)
0.26Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Black Hawk Acquisition Corporation swung to a modest net income of $154,401 for Q3 FY2025 ended August 31, 2025, down sharply from $883,767 a year earlier, as operating losses widened to $341,265 from $84,903 amid higher general and administrative expenses, yet offset by $494,519 in trust interest income. Year-to-date through nine months, net income reached $1,333,322, edging up from $1,164,002, with trust interest climbing to $2,028,053 from $1,633,661 while expenses rose. The trust balance shrank to $23.3M after $51.0M in redemptions tied to a shareholder vote extending the business combination deadline monthly through December 2026 via $150,000 deposits, supporting a signed merger deal with Vesicor Therapeutics valuing it at $70M pre-money—all stock, no cash outlay, targeting Q4 2025 close. Cash dwindled to $15,000, offset by a $350,076 related-party convertible note at 6% interest. Redemptions hit hard.
8-K
SPAC deadline extended one month
Black Hawk Acquisition Corporation deposited $150,000 into its trust account, extending the deadline for its initial business combination from August 22, 2025, to September 22, 2025. This one-month Extension Payment secures more time for public shareholders amid ongoing merger pursuits. Yet the clock ticks on.
8-K
SPAC deadline extended one month
8-K
SPAC deadline extended amid redemptions
Black Hawk Acquisition Corporation extended its deadline to complete a business combination, approved by shareholders on July 8, 2025, pushing the termination date to December 22, 2026 via up to 18 monthly $150,000 deposits into its trust account. The initial payment secured the extension to July 22, 2025, but heavy redemptions of 4,775,923 shares drained $51 million from the trust, leaving $22.7 million and 2.1 million public shares outstanding. This buys time for a deal, yet shrinks cash reserves sharply.
8-K
Proxy amends trust extension fee
Black Hawk Acquisition Corporation amended its proxy statement on July 7, 2025, to revise the Trust Amendment Proposal, fixing the monthly extension fee at $150,000 per one-month delay up to 18 times until December 22, 2026. This replaces the prior variable amount of $0.033 per outstanding share, eliminating discretion and boosting clarity for shareholders. The change aids prolonged pursuit of a business combination. Yet risks persist in forward-looking uncertainties.
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