Black Hawk Acquisition Corporation (NASDAQ:BKHAU) announced the pricing of its upsized $69 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BKHAU”, Thursday, March 21, 2024.
The new SPAC will have a broad search focus and will not be limited to a particular geographic region or industry.
Black Hawk’s sponsor team will be led by Kent Louis Kaufman, as Chairman, Chief Executive Officer, Chief Financial Officer, and Director. Brandon Miller, Daniel M. McCabe and Terry W. Protto, are each to serve as independent directors.
Total SPAC deal count for 2024 year-to-date is now 5. This offering is expected to close on Friday, March 22, 2024.
EF Hutton LLC is the sole book-running manager for the IPO. Celine and Partners, P.L.L.C. is serving as Issuer’s Counsel with Robinson & Cole LLP serving as Underwriter’s Counsel. MaloneBailey, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Metals Acquisition (NYSE:MTAL) has begun an exchange of all outstanding warrants, offering holders up to 0.361 shares per warrant on a cashless basis or $0.10 per warrant if they so choose. The cashless option provides significantly more value as Metals last closed at $12.85, meaning warrants converted under that ratio would be worth about $4.63...
At the SPAC of Dawn Autonomous driving has seen some of the highest peaks and deepest valleys in share performance as the market has adjusted its appetites on tech companies. But, although it has shown many pitfalls, it continues to attract significant investment and is a focus for both startups and established automakers. Hyundai (KS:005380)...
Terms Tracker for the Week Ending May 3, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. The big news this week was that SPACs finally had a new IPO price with Churchill Capital Corp. IX’s $250 million offering on Thursday. SPACs...
Real estate marketplace Opendoor (NASDAQ:OPEN) is poised to be the latest de-SPAC to take a double-digit jump on earnings as it heads towards the weekend up +10%, having spiked as high as +27% earlier in the day. The movement comes as the former Social Capital II target reported progress towards profitability despite a high rates...
At the SPAC of Dawn Coinbase (NASDAQ:COIN) notched a surprise profit of over $1.5 billion in the first quarter of 2024, well exceeding estimates, demonstrating the powerful effect of publicly traded ETFs have had on crypto marketplaces since the start of the year. The result has pushed the company to bump up its own guidance...