SPAC Black Hawk Acquisition prices upsized $69 million IPO

Black Hawk Acquisition, a blank check company targeting businesses with growth potential and defensible market positions, raised $69 million by offering 6.9 million units at $10. The company offered 0.9 million more units than anticipated. Each unit consists of one share of common stock and one-fifth of a right to receive one share upon the completion of an initial business combination.

Black Hawk Acquisition is led by CEO, CFO, and Chairman Kent Kaufman, whose current roles include Managing Partner of management and consulting firm BEEC Capital and CEO of the Growth and Leadership Center. While it has not selected a target industry or geography, the SPAC plans to focus on businesses with compelling long-term growth potential and highly defensible market positions.

Black Hawk Acquisition plans to list on the Nasdaq under the symbol BKHAU. EF Hutton acted as sole bookrunner on the deal.