Black Hawk Acquisition Corporation Amends Proxy Statement with New Extension Fee Proposal.

Black Hawk Acquisition Corporation has amended its definitive proxy statement to change the language of the Trust Amendment Proposal. The proposal now provides for a fixed fee of $150,000 for each one-month extension of the deadline to consummate an initial business combination, eliminating the company's discretion to deposit a lesser amount. This change aims to provide greater clarity and consistency regarding the extension fee obligation.

Black Hawk Acquisition Corporation (BKHAU) has amended its definitive proxy statement, altering the language of the Trust Amendment Proposal. The new proposal sets a fixed fee of $150,000 for each one-month extension of the deadline to consummate an initial business combination. This change eliminates the company's previous discretion to deposit a variable fee, providing greater clarity and consistency regarding extension obligations [1].

Originally, the Trust Amendment Proposal allowed BKHAU to deposit an amount equal to $0.033 multiplied by the number of ordinary shares sold to the public in the company's initial public offering, minus any shares redeemed in connection with the vote on the Extension Amendment Proposal. The revised proposal now mandates a fixed deposit of $150,000 for each extension, eliminating the company's discretion to deposit a lesser amount [1].

This amendment aims to simplify the extension fee structure and enhance transparency. It also ensures that the extension fee obligation remains consistent and predictable for all stakeholders.

About Black Hawk Acquisition Corporation
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 are not limited to a particular industry or geographic region [2].

Forward-Looking Statements
The press release includes forward-looking statements that involve risks and uncertainties. These statements are not historical facts and are subject to risks and uncertainties, which could cause actual results to 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 or any change in events, conditions, or circumstances on which any statement is based [1][2].

Contact
Kent Kaufman
Chief Executive Officer
Email: kent@bhspac.com
Tel: (925) 217-4482

References:
[1] https://www.stocktitan.net/news/BKHAU/black-hawk-acquisition-corporation-amends-its-definitive-proxy-8kdntmsar8zc.html
[2] https://sg.finance.yahoo.com/news/black-hawk-acquisition-corporation-amends-014500143.html