other_material
confidence high
sentiment neutral
materiality 0.30
Black Hawk Acquisition Corp amends Trust Amendment Proposal to remove $55K cap, fix $0.033/share fee
Black Hawk Acquisition Corp
- Filed supplement to definitive proxy statement (filed June 10) on June 20, 2025, amending Trust Amendment Proposal language.
- Removed discretion to deposit up to $55,000 per month; now requires $0.033 per outstanding public share for each one-month extension.
- Extension period allows up to 18 one-month extensions to December 22, 2026, to complete a business combination.
- Change intended to eliminate discretion and ensure greater clarity and consistency in extension fee obligation.
item 8.01item 9.01