Black Hawk Acquisition priced its initial public offering of 6.9 million units at $10 each. The units list on the Nasdaq and began trading today under the ticker symbol BKHAU. Each unit consists of one Class A share and one-fifth of a right to receive a share upon completion of a merger.
Once the securities begin separate trading, shares and rights are expected to list under the symbols BKHA and BKHAR.
The SPAC will focus on potential acquisition targets that exhibit compelling long-term growth potential and highly defensible market positions.
CEO and Director Kent Louis Kaufman currently serves as the CEO of the Growth and Leadership Center, a role he has held since 2004. Throughout his career, he has consulted for companies including NVIDIA, Amazon, Google, Intel, Hewlett Packard, Chevron, Abbot Labs, Medtronic, Network Appliance, Barclays, Black Rock, Bank of New York Mellon, Cisco, Northrop Grumman, and Apple.
EF Hutton is sole book-running manager in the offering. The underwriters have a 45-day option to purchase up to an additional 1.035 million units to cover any over-allotments.
The offering is expected to close March 22. Read more.
