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Black Hawk Acquisition Corporation Amends Its Definitive Proxy Statement

1. BKHAU amended its Trust Amendment Proposal to clarify funding structure. 2. The updated proposal eliminates discretion on extension fee amounts. 3. The change provides clear obligations for business combination deadlines. 4. Shareholders will vote on this amendment concerning extension cost. 5. BKHAU operates to identify target businesses across various sectors.

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FAQ

Why Bullish?

The clarity provided in the proposal may enhance investor confidence and reduce uncertainty, which typically supports a positive price movement. Historical precedents show that improvements in governance or structure often lead to favorable market reactions.

How important is it?

The amendment directly affects the company's operational cash flow management and transparency, critical factors for stakeholders. The likelihood of these changes impacting stock price is moderate given BKHAU's current market presence.

Why Short Term?

Changes to the proxy statement and shareholder voting could lead to immediate reactions in the stock price as investors evaluate the implications. Quick market adjustments have been observed before shareholder meetings that influence company structure.

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SPACBHSCSBEA
June 20, 2025 15:55 ET  | Source: Black Hawk Acquisition Corp. DANVILLE, Calif., June 20, 2025 (GLOBE NEWSWIRE) -- Black Hawk Acquisition Corporation (NASDAQ: BKHAU, the “Company”) announced today that it filed a supplement to its definitive proxy statement, originally file with the Securities and Exchange Commission on June 10, 2025, to amend the language of the Trust Amendment Proposal. Specifically, the amendment removes the words “up to $55,000 per one-month extension”. As revised, the Trust Amendment Proposal provides that the Company will deposit in to the trust account an amount equal to $0.033 multiplied by the number of ordinary shares sold to the public in the Company’s initial public offering and that remain outstanding after giving effect to the shares that are redeemed in connection with the vote on the Trust Amendment Proposal, for each one-month extension of the deadline to consummate an initial business combination. This change eliminates the Company’s discretion to deposit a lesser amount and ensures greater clarity and consistency regarding the extension fee obligation. 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 will not be limited to a particular industry or geographic region. Forward-Looking Statements This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements 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 with respect thereto or any change in events, conditions or circumstances on which any statement is based. ContactKent KaufmanChief Executive OfficerEmail: kent@bhspac.comTel: (925) 217-4482

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