Black Hawk Acquisition Corp
Black Hawk Acquisition Corp is a special purpose acquisition company (SPAC) that raises capital through an initial public offering (IPO) to acquire an existing private operating company.
Business. Black Hawk Acquisition Corp (BKHA.O) is an investment holding company listed on the NASDAQ. The firm operates within the Financials sector, specifically classified under Investment Holding Companies. No specific operating segments or geographic breakdowns are provided in the available data.
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- Company
- EarningsQ3 2026 earnings (expected)2026-09-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
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Black Hawk Acquisition Corp (BKHA.O) is an investment holding company listed on the NASDAQ. The firm operates within the Financials sector, specifically classified under Investment Holding Companies. No specific operating segments or geographic breakdowns are provided in the available data.
Black Hawk Acquisition Corp maintains a strong liquidity position with a current ratio of 14.56, indicating that its current assets significantly exceed its current liabilities. The company has no long-term debt, and its total liabilities amount to $2.45 million, while its total equity is $68.02 million. The price-to-book ratio of 0.72 suggests that the company's market value is below its book value, potentially indicating undervaluation or market skepticism about its future prospects.
In terms of profitability, the company reported a net income of $310,940 and an operating income of -$359,200, reflecting a net profit but a loss in operating activities. The return on equity (ROE) is 0.46%, and the return on assets (ROA) is 0.44%, both of which are relatively low compared to industry benchmarks for investment holding companies. These metrics suggest that the company is not generating substantial returns on its equity or assets, which may be expected for a SPAC in its pre-merger phase.
The company's revenue is not disclosed in the provided data, and it does not have publicly reported segments or geographic breakdowns. As a SPAC, its primary focus is on identifying and completing a merger with a target company, and its revenue concentration is not applicable in the traditional sense.
The company's growth trajectory is not clearly defined in the provided data, as it is in the pre-merger phase. The outlook for the current fiscal year and the next fiscal year is not specified, but the company's financial performance suggests a need for a successful merger to drive future growth. The company's net income and operating income figures indicate that it is not yet generating significant operational profits.
The risk assessment for Black Hawk Acquisition Corp indicates low liquidity and dilution risks. The company has no immediate filing-based liquidity or dilution flags, and its capital structure is relatively simple with no long-term debt. The absence of dilution potential and the low debt-to-equity ratio of 0.0 suggest that the company is not currently facing significant financial risks. However, the company's future performance will depend heavily on the success of its merger with a target company.
Recent events related to Black Hawk Acquisition Corp include its ongoing search for a target company for a merger. As a SPAC, the company is required to complete a merger within a specified timeframe, typically two years from its IPO. The company has not disclosed any specific target or merger activity in the provided data. The company's financial performance and market valuation suggest that investors are closely monitoring its progress toward a merger.
- Black Hawk Acquisition Corp has a strong liquidity position with a current ratio of 14.56 and no long-term debt.
- The company reported a net income of $310,940 but an operating loss of $359,200, indicating a need for a successful merger to drive future profitability.
- The company's price-to-book ratio of 0.72 suggests that its market value is below its book value, potentially indicating undervaluation.
- The company has low liquidity and dilution risks, with no immediate filing-based flags.
- The company's future performance is contingent on the success of its merger with a target company, as it is in the pre-merger phase.
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- No immediate filing-based liquidity or dilution flags were detected.
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- Black Hawk Acquisition Corp Market data — financials · 2026-05-27
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From filings & derived data- Debt-to-equity (FY 2025-11-30): -1.01xDerived (calculated)
- Total assets (YoY) (2025-11-30 vs 2024-11-30): -66.9%Derived (calculated)
- Shareholders' equity (YoY) (2025-11-30 vs 2024-11-30): -77.1%Derived (calculated)
- Operating income (YoY) (2025-11-30 vs 2024-11-30): -58.9%Derived (calculated)
- Net income (YoY) (2025-11-30 vs 2024-11-30): -30.6%Derived (calculated)
- Return on equity (FY 2025-11-30): -34.6%Derived (calculated)
- Operating cash flow (YoY) (2025-11-30 vs 2024-11-30): -17.5%Derived (calculated)
- Return on assets (FY 2025-11-30): 5.6%Derived (calculated)
- Total liabilities (YoY) (2025-11-30 vs 2024-11-30): 56.8%Derived (calculated)
- Current ratio (FY 2025-11-30): 0.03xDerived (calculated)
- Total assets (annual): USD 23.88MSEC XBRL filing
- Operating cash flow (annual): USD -650.32KSEC XBRL filing
- Net income (annual): USD 1.33MSEC XBRL filing
- Operating income (annual): USD -915.51KSEC XBRL filing
- Interest expense (annual): USD 15.45KSEC XBRL filing
- Cash & equivalents (annual): USD 0SEC XBRL filing
- Current liabilities (annual): USD 1.48MSEC XBRL filing
- Current assets (annual): USD 50.79KSEC XBRL filing
- Total liabilities (annual): USD 3.9MSEC XBRL filing
- Shareholders' equity (annual): USD -3.85MSEC XBRL filing
- Shareholders' equity (YoY) (2024-11-30 vs 2023-11-30): -35,432.8%Derived (calculated)
- Return on equity (FY 2024-11-30): -88.2%Derived (calculated)
- Return on assets (FY 2024-11-30): 2.7%Derived (calculated)
- Current ratio (FY 2024-11-30): 4.42xDerived (calculated)