Black Hawk Acquisition, a blank check company targeting businesses with growth potential and defensible market positions, filed on Monday with the SEC to raise up to $60 million in an initial public offering.
The Danville, CA-based company plans to raise $60 million by offering 6 million units at $10. Each unit consists of one share of common stock and one right to receive one-fifth of a share upon the completion of an initial business combination. At the proposed deal size, Black Hawk Acquisition would command a market value of $78 million.
Black Hawk Acquisition is led by CEO, CFO, and Chairman Kent Kaufman, whose current roles include Managing Partner of management and consulting firm BEEC Capital and CEO of the Growth and Leadership Center. While it has not selected a target industry or geography, the SPAC plans to focus on businesses with compelling long-term growth potential and highly defensible market positions.
Black Hawk Acquisition was founded in 2023 and plans to list on the Nasdaq under the symbol BKHAU. EF Hutton is the sole bookrunner on the deal.
