Black Hawk Acquisition Corporation Amends Its Definitive Proxy Statement
Black Hawk Acquisition Corporation (NASDAQ: BKHAU) has filed a supplement to its definitive proxy statement to modify the Trust Amendment Proposal. The company has revised the extension fee structure for its business combination deadline. Instead of the previous variable fee of $0.033 per outstanding public share, the company will now deposit a fixed amount of $150,000 for each one-month extension to complete an initial business combination.
This amendment removes the company's discretion in determining the deposit amount and provides greater transparency regarding extension obligations.
Black Hawk Acquisition Corporation (NASDAQ: BKHAU) ha presentato un supplemento alla sua dichiarazione definitiva di procura per modificare la Proposta di Emendamento del Trust. La societ脿 ha rivisto la struttura della commissione per l'estensione della scadenza della combinazione aziendale. Invece della precedente commissione variabile di 0,033 $ per azione pubblica in circolazione, la societ脿 verser脿 ora un importo fisso di 150.000 $ per ogni estensione di un mese necessaria a completare la combinazione aziendale iniziale.
Questa modifica elimina la discrezionalit脿 della societ脿 nel determinare l'importo del deposito e garantisce una maggiore trasparenza riguardo agli obblighi di estensione.
Black Hawk Acquisition Corporation (NASDAQ: BKHAU) ha presentado un suplemento a su declaraci贸n definitiva de poder para modificar la Propuesta de Enmienda del Fideicomiso. La compa帽铆a ha revisado la estructura de la tarifa de extensi贸n para la fecha l铆mite de la combinaci贸n empresarial. En lugar de la tarifa variable anterior de $0.033 por acci贸n p煤blica en circulaci贸n, la compa帽铆a ahora depositar谩 un monto fijo de $150,000 por cada extensi贸n de un mes para completar una combinaci贸n empresarial inicial.
Esta enmienda elimina la discreci贸n de la compa帽铆a para determinar el monto del dep贸sito y proporciona una mayor transparencia respecto a las obligaciones de extensi贸n.
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鞚措矆 靾橃爼鞎堨潃 鞓堨箻旮堨暋 瓴办爼鞐� 雽�頃� 須岇偓鞚� 鞛焿甓岇潉 鞝滉卑頃橁碃, 鞐办灔 鞚橂鞐� 雽�頃� 韴獏靹膘潉 雴掛瀰雼堧嫟.
Black Hawk Acquisition Corporation (NASDAQ: BKHAU) a d茅pos茅 un suppl茅ment 脿 sa d茅claration de procuration d茅finitive afin de modifier la proposition d'amendement du trust. La soci茅t茅 a r茅vis茅 la structure des frais de prolongation pour la date limite de la combinaison d'affaires. Au lieu de la redevance variable pr茅c茅dente de 0,033 $ par action publique en circulation, la soci茅t茅 versera d茅sormais un montant fixe de 150 000 $ pour chaque prolongation d'un mois n茅cessaire 脿 la r茅alisation d'une combinaison d'affaires initiale.
Cette modification supprime la discr茅tion de la soci茅t茅 dans la d茅termination du montant du d茅p么t et offre une plus grande transparence concernant les obligations de prolongation.
Black Hawk Acquisition Corporation (NASDAQ: BKHAU) hat einen Nachtrag zu seiner endg眉ltigen Vollmachtsmitteilung eingereicht, um den Trust Amendment Proposal zu 盲ndern. Das Unternehmen hat die Geb眉hrenstruktur f眉r die Verl盲ngerung der Frist zur Unternehmenszusammenf眉hrung 眉berarbeitet. Statt der bisherigen variablen Geb眉hr von 0,033 $ pro ausstehender 枚ffentlicher Aktie wird das Unternehmen nun einen festen Betrag von 150.000 $ f眉r jede einmonatige Verl盲ngerung einzahlen, um eine erste Unternehmenszusammenf眉hrung abzuschlie脽en.
Diese 脛nderung beseitigt das Ermessen des Unternehmens bei der Festlegung der Einzahlungsbetr盲ge und sorgt f眉r mehr Transparenz in Bezug auf Verl盲ngerungsverpflichtungen.
- None.
- Extension of business combination deadline suggests potential delays in finding suitable target
- Monthly extension fees of $150,000 represent ongoing cash obligations
DANVILLE, Calif., July 07, 2025 (GLOBE NEWSWIRE) -- Black Hawk Acquisition Corporation (NASDAQ: BKHAU, the 鈥淐ompany鈥�) announced today聽that it filed a supplement to its definitive proxy statement, originally filed with the Securities and Exchange Commission on June 10, 2025, to amend the language of the Trust Amendment Proposal. Originally, the Trust Amendment Proposal provided that the Company would deposit into the trust account an amount equal to
This change eliminates the Company鈥檚 discretion to deposit a lesser amount and ensures greater clarity and consistency regarding the extension fee obligation.
About Black Hawk Acquisition Corporation
Black Hawk Acquisition Corporation is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company鈥檚 efforts to identify a prospective target business will not be limited to a particular industry or geographic region.
Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company鈥檚 expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Contact
Kent Kaufman
Chief Executive Officer
Email: [email protected]
Tel: (925) 217-4482
FAQ
What changes did Black Hawk Acquisition (NASDAQ:BKHAU) make to its Trust Amendment Proposal?
How much will BKHAU pay for each month of extension under the new amendment?
When did Black Hawk Acquisition (BKHAU) file its original definitive proxy statement?
What is the purpose of Black Hawk's Trust Amendment Proposal?
How does the new amendment benefit BKHAU shareholders?
