BKHA · Black Hawk Acquisition Corp · Insider Trading
Substantial doubt about the company's ability to continue as a going concern.
“The Company has incurred and expects to continue to incur significant professional costs to remain as a publicly traded company and to incur significant transaction costs in pursuit of the consummation of a Business Combination. In connection with the Company's assessment of going concern considerations in accordance with Financial Accounting Standard Board's Accounting Standards Update ("ASU") 2014-15, "Disclosures of Uncertainties about an Entity's Ability to Continue as a Going Concern," management has determined that these conditions raise substantial doubt about the Company's ability to continue as a going concern. In addition, if the Company is unable to complete a Business Combination within the Combination Period, the Company's board of directors would proceed to commence voluntary liquidation and thereby a formal dissolution of the Company. There is no assurance that the Company's plans to consummate a Business Combination will be successful within the Combination Period. As a result, management has determined that such an additional condition also raises substantial doubt about the Company's ability to continue as a going concern. The unaudited consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.”View the 10-Q filed Oct 6, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2024-04-04 | Black Hawk Management LLC |
10% Owner |
Award↑
Filing footnotes — Class A Ordinary Shares (Direct)
Pursuant to the Amended and Restated Memorandum and Articles of Association, as amended (the "Charter") of Black Hawk Acquisition Corporation ("Issuer"), the Reporting Person elected to convert 1,725,000 Class B ordinary shares, with a par value of $0.0001 ("Class B Ordinary Shares"), of the Issuer into 1,725,000 Class A ordinary shares, with a par value of $0.0001, ("Class A Ordinary Shares") of the Issuer on a one-to-one basis. |
Class A Ordinary Shares
|
1,725,000 |
| 2024-04-04 | Black Hawk Management LLC |
10% Owner |
Other↑
Filing footnotes — Class B Ordinary Shares (Direct)
Pursuant to the Amended and Restated Memorandum and Articles of Association, as amended (the "Charter") of Black Hawk Acquisition Corporation ("Issuer"), the Reporting Person elected to convert 1,725,000 Class B ordinary shares, with a par value of $0.0001 ("Class B Ordinary Shares"), of the Issuer into 1,725,000 Class A ordinary shares, with a par value of $0.0001, ("Class A Ordinary Shares") of the Issuer on a one-to-one basis. Pursuant to the Charter, the Reporting Person may elect to convert the Class B Ordinary Shares into Class A Ordinary Shares at any time. The Class B Ordinary Shares has no expiration date. |
Class B Ordinary Shares
|
1,725,000 |