Black Hawk Acquisition Corp (BKHA): debt financing — Black Hawk Acquisition issues up to $300K convertible note to sponsor at 10% interest

Black Hawk Acquisition Corp

Principal amount up to $300,000; interest accrues at 10% per annum from April 20, 2026.
Note due and payable upon closing of a business combination (DeSPAC) or liquidation of the company.
Sponsor may convert unpaid principal into ordinary shares at $1.00 per share upon DeSPAC.
Proceeds used for working capital expenses; note is unsecured and sponsor waives trust account claims.
Holder entitled to registration rights for conversion shares post-DeSPAC.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Black Hawk Acquisition Corp incurred convertible notes of up to $300,000 with Black Hawk Management LLC at 10% per annum maturing upon the occurrence of (i) the closing of the Company’s initial business combination (a “DeSPAC Transaction”) or (ii) the liquidation of the Company.

Instrument: convertible notes
Principal: up to $300,000
Counterparty: Black Hawk Management LLC
Rate: 10% per annum
Maturity: upon the occurrence of (i) the closing of the Company’s initial business combination (a “DeSPAC Transaction”) or (ii) the liquidation of the Company
Event: incurrence

Exact text from the filing

On May 4, 2026, Black Hawk Acquisition Corp., a Cayman Islands exempted company (the “Company”), issued a convertible promissory note (the “Note”) in the principal amount of up to $300,000 to Black Hawk Management LLC (the “Sponsor”).

View on SEC.gov

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Black Hawk Acquisition Corp issued convertible note to Black Hawk Management LLC for principal amount of up to $300,000.

Security: convertible note
Purchaser: Black Hawk Management LLC
Consideration: principal amount of up to $300,000

Exact text from the filing

On May 4, 2026, Black Hawk Acquisition Corp., a Cayman Islands exempted company (the “Company”), issued a convertible promissory note (the “Note”) in the principal amount of up to $300,000 to Black Hawk Management LLC (the “Sponsor”).

View on SEC.gov

101 debt financings filed in the last 30 days. Browse all debt financings →

Black Hawk Acquisition Corp filing history →

Source: SEC EDGAR

accession 0001829126-26-004870

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