Black Hawk Acquisition Corporation Receives Nasdaq Notice for Non-Compliance with Market Value of Listed Securities Requirement

Key Points:

• Nasdaq Notification: Black Hawk Acquisition Corporation (the “Company”) has received a formal notice from The Nasdaq Stock Market LLC regarding non-compliance with the market value of listed securities (MVLS) requirement for continued listing on the Nasdaq Global Market.
• MVLS Non-Compliance: As of March 31, 2026, the Company’s MVLS was below the mandatory \$50 million threshold for 30 consecutive business days.
• Compliance Deadline: The Company has 180 calendar days, until September 28, 2026, to regain compliance with the MVLS rule.
• Path to Compliance: In order to regain compliance, the Company’s MVLS must close at or above \$50 million for a minimum of 10 consecutive business days before the deadline.

Details for Investors and Shareholders:

• Potential Impact on Share Value: This notice is material and may affect investor confidence and share value. Failure to regain compliance could result in the Company being delisted from the Nasdaq Global Market, which may significantly impact liquidity and market perception.
• Trading Information: The Company’s units (each consisting of one ordinary share and one-fifth of one right) trade under the symbol BKHAU, its ordinary shares under the symbol BKHA, and its rights under BKHAR, all on the Nasdaq Stock Market LLC.
• Emerging Growth Company Status: Black Hawk Acquisition Corporation is designated as an “emerging growth company” under applicable SEC rules, which may affect certain regulatory and reporting requirements.
• No Immediate Delisting: The notice does not result in immediate delisting; the Company remains listed and trading on Nasdaq during the compliance period.
• Next Steps: Management is evaluating options to regain compliance, which may include business combinations, asset acquisitions, capital raising, or other strategic initiatives. Shareholders should closely monitor future Company disclosures for updates.

Other Regulatory Details:

• The Company has not filed any written communications under Rule 425 of the Securities Act, soliciting material under Rule 14a-12 of the Exchange Act, or pre-commencement communications under Rules 14d-2(b) or 13e-4(c) of the Exchange Act in connection with this notice.
• No changes to the Company’s name or address have occurred since the last report.

What Shareholders Should Know:

• This development is significant and may be price-sensitive. The risk of delisting, if not addressed, could have a negative impact on the value and liquidity of your shares.
• Shareholders are encouraged to stay informed by reviewing Company filings and announcements as the next steps unfold.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to conduct their own research or consult a qualified financial advisor before making any investment decisions. The information herein is based on publicly available regulatory filings and may be subject to change.

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