Black Hawk Acquisition Corporation Amends Definitive Proxy Statement, Trust Amendment Proposal

Black Hawk Acquisition Corporation has amended its definitive proxy statement to change the language of the Trust Amendment Proposal. The revised proposal will deposit an amount equal to $0.033 multiplied by the number of outstanding public shares into the trust account for each one-month extension of the deadline to complete an initial business combination. The amendment affects the original proposal filed on June 10, 2025.

Black Hawk Acquisition Corporation (NASDAQ: BKHAU) has filed a supplement to its definitive proxy statement to modify the Trust Amendment Proposal. The company has revised the extension fee structure for its business combination deadline. Instead of the previous variable fee of $0.033 per outstanding public share, the company will now deposit a fixed amount of $150,000 for each one-month extension to complete an initial business combination.

This amendment removes the company's discretion in determining the deposit amount and provides greater transparency regarding extension obligations. The original proposal, filed on June 10, 2025, stated that the company would deposit an amount equal to $0.033 multiplied by the number of outstanding public shares into the trust account for each one-month extension. The revised proposal eliminates this discretion, ensuring greater clarity and consistency regarding the extension fee obligation.

Black Hawk Acquisition Corporation is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company's efforts to identify a prospective target business will not be limited to a particular industry or geographic region.

The company's forward-looking statements are subject to risks and uncertainties, including the possibility that actual results may differ from the forward-looking statements. The company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based.

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[1] https://www.stocktitan.net/news/BKHAU/black-hawk-acquisition-corporation-amends-its-definitive-proxy-8kdntmsar8zc.html