BKHA on Nasdaq
Black Hawk Acquisition Corp
In its 2026 annual report the company says: “We are a Cayman Islands company incorporated on September 28, 2023, as an exempted company with limited liability.”3 It is headquartered in Danville, California.1 Its shares trade on Nasdaq under the symbol BKHA.1
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Last updated Oct 21, 2026.
Overview
- TickerBKHA on Nasdaq1
- IndustryBiological Products, (No Diagnostic Substances)1
- HeadquartersDanville, California1
- Business address4125 Blackhawk Plaza Circle, Suite 166, Danville, Ca 945062
- Filer category, Emerging growth company2
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We are a Cayman Islands company incorporated on September 28, 2023, as an exempted company with limited liability. We chose to incorporate in the Cayman Islands due to (i) its tax-neutrality, which allows international transactions to be structured efficiently without an additional layer of tax and (ii) simplicity of establishment and flexibility of administration, including easy migration to another jurisdiction, the existence of statutory procedures for merger or consolidation, and no takeover code or bespoke public company filing requirements.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-11-30 | 2024-11-30 |
|---|---|---|
| General and administrative expenses | $795.5K | $492.1K |
| Related party administrative fees | $120.0K | $83.9K |
| Loss from Operations | -$915.5K | -$576.1K |
| Interest income | $1.8K | $7.5K |
| Interest earned on investments held in Trust Account | $2.3M | $2.5M |
| Interest expense | -$15.5K | |
| Change in fair value of derivative liability | $92 | |
| Total other income, net | $2.2M | $2.5M |
| Net income | $1.3M | $1.9M |
| Basic and diluted weighted average shares outstanding, Class A ordinary shares subject to possible redemption | 5.0M shares | 4.8M shares |
| Basic and diluted net income per share, Class A ordinary shares subject to possible redemption | $0.19 | $0.29 |
| Basic and diluted weighted average shares outstanding, non-redeemable Class A ordinary shares | 2.0M shares | 1.9M shares |
| Basic and diluted net income per share, non-redeemable Class A ordinary shares | $0.19 | $0.29 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 2 fiscal years (annual) or 2 quarters (quarterly), latest first.4
| Period ending | 2025-11-30 | 2024-11-30 |
|---|---|---|
| Cash | $39.5K | $264.8K |
| Prepaid expenses | $11.3K | $49.2K |
| Total Current Assets | $50.8K | $314.1K |
| Investments held in Trust Account | $23.8M | $71.8M |
| Total Assets | $23.9M | $72.1M |
| Due to target company | $575.0K | $0 |
| Accrued offering costs and expenses | $296.4K | $71.0K |
| Accrued interest expenses | $15.5K | |
| Convertible notes related party | $595.4K | $0 |
| Total Current Liabilities | $1.5M | $71.0K |
| Deferred underwriting fee payable | $2.4M | $2.4M |
| Total Liabilities | $3.9M | $2.5M |
| Class A ordinary shares subject to possible redemption, $0.0001 par value; 500,000,000 shares authorized; 6,900,000 shares and 6,900,000 share issued and outstanding at redemption value of $11.22 and $10.41 as of November 30, 2025 and 2024, respectively | $23.8M | $71.8M |
| Additional paid-in capital | $4.5K | |
| Accumulated deficit | -$3.9M | -$2.2M |
| Total Shareholders Deficit | -$3.8M | -$2.2M |
| Total Liabilities and Shareholders Deficit | $23.9M | $72.1M |
| Period ending | 2025-11-30 | 2024-11-30 |
|---|---|---|
| Cash | $39.5K | $264.8K |
| Prepaid expenses | $11.3K | $49.2K |
| Total Current Assets | $50.8K | $314.1K |
| Investments held in Trust Account | $23.8M | $71.8M |
| Total Assets | $23.9M | $72.1M |
| Due to target company | $575.0K | $0 |
| Accrued offering costs and expenses | $296.4K | $71.0K |
| Accrued interest expenses | $15.5K | |
| Convertible notes related party | $595.4K | $0 |
| Total Current Liabilities | $1.5M | $71.0K |
| Deferred underwriting fee payable | $2.4M | $2.4M |
| Total Liabilities | $3.9M | $2.5M |
| Class A ordinary shares subject to possible redemption, $0.0001 par value; 500,000,000 shares authorized; 6,900,000 shares and 6,900,000 share issued and outstanding at redemption value of $11.22 and $10.41 as of November 30, 2025 and 2024, respectively | $23.8M | $71.8M |
| Additional paid-in capital | $4.5K | |
| Accumulated deficit | -$3.9M | -$2.2M |
| Total Shareholders Deficit | -$3.8M | -$2.2M |
| Total Liabilities and Shareholders Deficit | $23.9M | $72.1M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-11-30 | 2024-11-30 |
|---|---|---|
| Net income | $1.3M | $1.9M |
| Interest earned on investments held in Trust Account | -$2.3M | -$2.5M |
| Change in fair value of derivative liability | -$92 | |
| Prepaid expenses | $38.0K | -$49.2K |
| Accrued offering costs and expenses | $240.9K | $64.1K |
| Net Cash Used in Operating Activities | -$650.3K | -$553.7K |
| Purchase of investment held in Trust Account | -$69.3M | |
| Cash deposited in Trust Account | -$750.0K | |
| Cash withdrawn from Trust to pay redeemed public shareholders | $51.0M | |
| Net Cash Provided by (Used in) Investing Activities | $50.3M | -$69.3M |
| Proceeds from issuance of promissory note to related party | $600.0K | |
| Proceeds from due to target company | $575.0K | |
| Proceeds from sale of public units | $69.0M | |
| Proceeds from sale of private placement units | $2.4M | |
| Proceeds from issuance of ordinary shares to underwriter | $690.0K | |
| Proceeds from due from related party | $30.9K | |
| Payment of underwriter compensation | -$690.0K | |
| Repayment of promissory note - related party | -$250.0K | |
| Payment of offering costs | -$1.1M | |
| Payment to redeemed public shareholders | -$51.0M | |
| Net Cash (Used in) Provided by Financing Activities | -$49.8M | $70.0M |
| Net Change in Cash | -$225.3K | $139.7K |
| Issuance of convertible note - recognition of derivative liability | $4.6K | |
| Reclassification of Derivative Liability to APIC | $4.5K | |
| Conversion of Class B to Class A shares | $172 | |
| Initial classification of common stock subject to possible redemption | $69.3M | |
| Accretion of additional paid in capital to accumulated deficit | $1.7M | |
| Remeasurement of common stock subject to possible redemption | $3.0M | $2.5M |
| Deferred underwriting fee payable | $2.4M |
No quarter-by-quarter statement was filed.
Corporate structure
Black Hawk Acquisition Corp sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Black Hawk Acquisition Corp
- WOLVERINE ASSET MANAGEMENT LLC Filed SCHEDULE 13G/A on Black Hawk Acquisition Corp, latest Oct 7, 2026 (2 filings since Oct 10, 2025)
- First Trust Capital Management L.P. Filed SCHEDULE 13G/A on Black Hawk Acquisition Corp, latest Nov 14, 2025 (4 filings since Nov 14, 2024)
- Kerry Propper Filed SCHEDULE 13G/A on Black Hawk Acquisition Corp, latest Nov 13, 2025 (2 filings since Nov 12, 2024)
- AQR CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G/A on Black Hawk Acquisition Corp, latest Nov 12, 2025 (2 filings since Nov 14, 2024)
- W. R. Berkley Filed SCHEDULE 13G/A on Black Hawk Acquisition Corp, latest Nov 10, 2025 (2 filings since Aug 8, 2025)
- Mizuho Financial Group Filed SCHEDULE 13G/A on Black Hawk Acquisition Corp, latest Aug 13, 2025 (4 filings since Nov 14, 2024)
- Karpus Management, Inc. Filed SCHEDULE 13G/A on Black Hawk Acquisition Corp, latest Aug 7, 2025 (2 filings since Jun 7, 2024)
- TD SECURITIES (USA) LLC Filed SCHEDULE 13G/A on Black Hawk Acquisition Corp, latest May 12, 2025 (2 filings since Feb 13, 2025)
- Harraden Circle Investments, LLC Filed SC 13G/A on Black Hawk Acquisition Corp, latest Nov 12, 2024 (2 filings since Mar 27, 2024)
- Black Hawk Management LLC Filed SC 13D on Black Hawk Acquisition Corp, latest Apr 26, 2024 (2 filings since Apr 1, 2024)
- Black Hawk Acquisition Corp Danville, California
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Black Hawk Acquisition Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $04 Nov 30, 2025 | $04 Nov 30, 2024 | |
| Deposits held (banks) | $690.0K4 Nov 30, 2025 | $690.0K7 Nov 30, 2024 | 0% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finite-lived intangibles, net | $5.0M4 Nov 30, 2025 |
Properties, in its own words
We do not own any real estate or other physical properties materially important to our operations. We maintain our principal executive offices are located at 125 Blackhawk Plaza Circle, Suite 166 Danville, CA 94506, and our telephone number is 915-217-4482.
Item 2 of the 10-K filed Mar 6, 2026.3
Leadership
Who has led Black Hawk Acquisition Corp, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerKent Louis Kaufman Mar 25, 2024 to Mar 25, 20248
- ChairKent Louis Kaufman Mar 25, 2024 to Mar 25, 20248
- Chief financial officerKent Louis Kaufman Mar 25, 2024 to Mar 25, 20248
Board members and other officers (3)
- Board memberBrandon Miller Mar 25, 2024 to Mar 25, 20249
- Board memberDaniel M. McCabe Mar 25, 2024 to Mar 25, 202410
- Board memberTerry William Protto Mar 25, 2024 to Mar 25, 202411
Timeline
- Oct 13, 20268-K Shareholder vote12
- Sep 24, 20268-K Entered a material agreement; Unregistered sale of shares13
- Sep 22, 20268-K Other events14
- Aug 26, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares15
- Aug 25, 20268-K Other events16
- Jul 22, 20268-K Other events17
- May 8, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares18
- Apr 1, 20268-K Listing notice or transfer19
- Mar 17, 20268-K Executive or director change; Regulation FD disclosure20
- Feb 19, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares21
- Feb 3, 20268-K Executive or director change22
- Sep 24, 20258-K Other events23
- Mar 25, 2024New chief executive Kent Louis Kaufman becomes CEO8
Filings
115 filings to the SEC since October 2021: 4 annual reports, 9 quarterly reports, 31 major events, 6 insider forms, 24 large holders, 41 other. The latest 20:
- Oct 13, 20268-K EDGAR
- Oct 7, 2026SCHEDULE 13G/A EDGAR
- Oct 6, 202610-Q EDGAR
- Sep 25, 2026425 EDGAR
- Sep 24, 20268-K EDGAR
- Sep 22, 20268-K EDGAR
- Sep 22, 2026424B4 EDGAR
- Sep 17, 2026EFFECT EDGAR
- Sep 4, 2026S-4/A EDGAR
- Aug 26, 20268-K EDGAR
- Aug 25, 20268-K EDGAR
- Aug 3, 2026S-4/A EDGAR
- Jul 22, 20268-K EDGAR
- Jul 15, 202610-Q EDGAR
- Jul 6, 2026S-4/A EDGAR
- Jun 11, 2026S-4/A EDGAR
- May 8, 20268-K EDGAR
- May 1, 2026S-4/A EDGAR
- Apr 28, 202610-K/A EDGAR
- Apr 21, 202610-Q EDGAR
The 115 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- WOLVERINE ASSET MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Oct 10, 2025 to Oct 7, 202624
- First Trust Capital Management L.P.SCHEDULE 13G/A, 4 filings Nov 14, 2024 to Nov 14, 202525
- Kerry PropperSCHEDULE 13G/A, 2 filings Nov 12, 2024 to Nov 13, 202526
- AQR CAPITAL MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Nov 14, 2024 to Nov 12, 202527
- W. R. BerkleySCHEDULE 13G/A, 2 filings Aug 8, 2025 to Nov 10, 202528
- Mizuho Financial GroupSCHEDULE 13G/A, 4 filings Nov 14, 2024 to Aug 13, 202529
- Karpus Management, Inc.SCHEDULE 13G/A, 2 filings Jun 7, 2024 to Aug 7, 202530
- TD SECURITIES (USA) LLCSCHEDULE 13G/A, 2 filings Feb 13, 2025 to May 12, 202531
- Harraden Circle Investments, LLCSC 13G/A, 2 filings Mar 27, 2024 to Nov 12, 202432
- Black Hawk Management LLCSC 13D, 2 filings Apr 1, 2024 to Apr 26, 202433
SEC filer profile
How Black Hawk Acquisition Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARBlack Hawk Acquisition Corp1
- CIK0002000775
- Employer ID (EIN)00-00000003
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company3
- Incorporated inCayman Islands3
- Fiscal year endsNovember 301
- Industry code (SIC)2836 Biological Products, (No Diagnostic Substances)1
- SEC reviewing officeOffice of Life Sciences, Division of Corporation Finance1
- Business address4125 Blackhawk Plaza Circle, Suite 166, Danville, CA 945061
- Phone203-520-71221
- Shares outstanding4,153,577 as of Oct 6, 20266
- Public float$73.9M as of May 31, 20253
- AuditorMaloneBailey, LLP, Houston, Texas PCAOB ID 206; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceDec 21, 20231
- Filings115 in all: 8-K (28), SCHEDULE 13G/A (11), 10-Q (9), S-4/A (8), SC 13G (6), 3 (5), CORRESP (4), 8-K/A (3)1
All 33 form types
DEFA14A (3), SCHEDULE 13G (3), 10-K (2), 10-K/A (2), 424B4 (2), 425 (2), DRS (2), DRS/A (2), EFFECT (2), NT 10-Q (2), S-1/A (2), SC 13D (2), SC 13G/A (2), UPLOAD (2), 4 (1), 8-A12B (1), CERT (1), DEF 14A (1), DEFR14A (1), DEL AM (1), NT 10-K (1), PRE 14A (1), S-1 (1), S-1MEF (1), S-4 (1)
- Latest filingsAnnual report (10-K) Mar 6, 2026
Quarterly report (10-Q) Oct 6, 2026
Proxy statement (DEF 14A) Jun 10, 2025
Latest 8-K (8-K) Oct 13, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Units, each consisting of one ordinary share, $0.0001 par value | BKHAU | Nasdaq |
| Ordinary shares, par value $0.0001 per share | BKHA | Nasdaq |
| Rights, each right entitling the holder to receive one Class A ordinary share upon the consummation of our initial business combination | BKHAR | Nasdaq |
From the cover page of the 10-K filed Mar 6, 2026 (Section 12(b) of the Exchange Act).3
Risk factors and legal proceedings
Legal proceedings
We are not currently a party to any material litigation or other legal proceedings brought against us. We are also not aware of any legal proceeding, investigation or claim, or other legal exposure that has a more than remote possibility of having a material adverse effect on our business, financial condition or results of operations.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 5
- 6
- 7
- 8
- 9SEC EDGARBrandon Miller, Board member
- 10SEC EDGARDaniel M. McCabe, Board member
- 11SEC EDGARTerry William Protto, Board member
- 12SEC EDGARShareholder vote
- 13
- 14SEC EDGAROther events
- 15
- 16SEC EDGAROther events
- 17SEC EDGAROther events
- 18
- 19SEC EDGARListing notice or transfer
- 20
- 21
- 22SEC EDGARExecutive or director change
- 23SEC EDGAROther events
- 24
- 25
- 26
- 27
- 28
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