← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
Black Hawk remains a SPAC shell, with trust-related income but a deeper equity deficit and no completed business combination.
The read at a glance✓ Audited against SEC data
- Business mix — Blank-check SPAC shellNote
- Status — No business combination yetWatch
- Income — Net income down 30.6%Watch
- Cash flow — OCF deficit widened 17.5%Watch
- Equity — Equity deficit deepened to -$3.8MWatch
- Insiders — 0 purchases / 0 salesNote
- Accounting — Forensic screens unavailableNote
Business
Black Hawk Acquisition Corp. is a Cayman Islands blank-check company formed to pursue a merger, share exchange, asset purchase, share purchase, reorg, or similar business combination.
Leadership changes
From Black Hawk Acquisition Corp's own filings, the day they're filed.
- Michael Tolentino · Chief Executive Officer · appointmenteff. 2026-03-17
- Mitchell Creem · Chief Financial Officer · appointmenteff. 2026-01-27
- Michael Bowen · Chief Financial Officer · departureeff. 2026-01-27
Latest filings
- 8-K · Company announcement2026-08-26
- 8-K · Company announcement2026-08-25
- 8-K · Company announcement2026-07-22
- 10-Q · Quarterly report2026-07-15
- 8-K · Company announcement2026-05-08
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- Main tension🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about Black Hawk Acquisition Corp, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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