Black Hawk Acquisition Closes $69M IPO

Black Hawk Acquisition closed its initial public offering of 6.9 million units at $10 each. Each unit consists of one share and one-fifth of a right to receive a share at the closing of a business combination.

The SPAC has said it will focus on potential acquisition targets that exhibit compelling long-term growth potential and highly defensible market positions.

The units listed on the Nasdaq under the ticker symbol BKHAU. Once the securities begin separate trading, shares and rights are expected to be listed under the symbols BKHA and BKHAR.

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 acted as sole book running manager in the offering. Celine & Partners served as legal counsel to Black Hawk. Robinson & Cole served as counsel to EF Hutton. Read more.

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