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BKHA.O NASDAQ Investment Holding Companies

Black Hawk Acquisition Corp

$11,78
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USD
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Mcap
48,9M USD
P/E
36,6x
EV / Rev
Div yield
Op margin
ROE
0,5 %
Net margin
Debt / equity
0,00
Beta
52w range
Volume
Day range
Prev close
Open
Next earnings
2026-09-28
Ex-dividend
TR 1Y
About

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.

Classification92 %
SectorFinancials
Business sectorInvestment Holding Companies
Generated · model-assisted
Sell-side consensus
consensus pending
— buy— hold— sell
Avg 12m price target
Upcoming events
  • EarningsQ3 2026 earnings (expected)2026-09-28 · estimated
See all catalysts →

At a glance

Score
not yet scored
Valuation
36,6x
P/E
Analysts
not yet wired
Ownership
not yet wired
Profitability
0,5 %
return on equity
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning BKHA.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials · THIS SECTOR−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to BKHA.O. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • 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

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    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.

    Classification92 %
    SectorFinancials
    Business sectorInvestment Holding Companies
    AI synthesis
    GENERATED

    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.

    Key takeaways
    • 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.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Valuation FY

    Market price
    $11,78
    Market cap
    $48.7M
    Enterprise value
    P/E
    36.6x
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    0.7x
    P / Tangible book
    0.7x
    Tangible book
    $68.0M
    Net cash
    Current ratio
    14.6
    Debt / equity
    0.0
    ROA
    0.4%
    ROE
    0.5%
    Cash conversion
    -145.0%
    CapEx / revenue
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskLow
    Filing-based flags
    • No immediate filing-based liquidity or dilution flags were detected.

    Benchmarks vs cohort

    ROE0,5 %Below median
    D/E0,00Above median
    Cash Conv-1,45Bottom quartile

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Return On Equity
      net_income / total_equity
    • Price To Earnings
      market_price / (net_income / shares_outstanding_diluted)
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Market Cap
      market_price * shares_outstanding_diluted
    Source documents
    • Black Hawk Acquisition Corp Market data — financials · 2026-05-27

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    49shares short-32.9% vs prior
    1days to cover
    100.0%short of daily vol
    5fails-to-deliver
    as of 2026-07-15 · short-interest report (free)

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    BKHA.OCanonical
    NASDAQ · USD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskLow
    No immediate filing-based liquidity or dilution flags were detected.

    Evidence & claims

    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)
    Showing 24 of 42 surfaced claims.
    Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.

    The Thread

    Everything we know, in order
    2026-09-28EVENTUpcomingQ3 2026 earnings (expected) estimated date
    2026-05-08FILING8-K filing →
    2026-04-21FILING10-Q filing →
    2026-04-01FILING8-K filing →
    2026-03-17FILING8-K filing →
    2026-03-06FILING10-K filing →
    2026-02-19FILING8-K filing →
    2026-02-03FILING8-K filing →
    2025-10-21FILING10-Q filing →
    2025-09-24FILING8-K filing →
    2025-08-28FILING8-K filing →
    2025-08-08FILING8-K filing →
    2025-07-14FILING8-K filing →
    2024-04-04 00:00 UTCINSIDER2 insider transactions — 2024-04 1 derivative
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage