other_material
confidence high
sentiment negative
materiality 0.80
Black Hawk Acquisition reports ~70% share redemption; $51M withdrawn from trust
Black Hawk Acquisition Corp
- Holders of 4,775,923 ordinary shares redeemed at $10.68/share, removing ~$51.0M from trust account.
- Trust balance reduced to ~$22.7M; public shares outstanding after redemption: 2,124,077.
- Total ordinary shares issued and outstanding post-redemption: 4,153,577.
item 8.01