Black Hawk Acquisition Co. (NASDAQ:BKHAR – Get Free Report) fell 9.7% on Wednesday . The company traded as low as $1.31 and last traded at $1.31. 100 shares were traded during trading, a decline of 99% from the average daily volume of 8,342 shares. The stock had previously closed at $1.45.
Black Hawk Acquisition Price Performance
The stock has a 50-day moving average of $1.53 and a two-hundred day moving average of $1.46.
Black Hawk Acquisition Company Profile
Black Hawk Acquisition Corp. is a special purpose acquisition company (SPAC) organized to pursue merger, share exchange, asset acquisition, stock purchase, recapitalization, restructuring or similar business combination transactions with one or more businesses. The company’s objective is to identify and acquire a target company in industries that exhibit strong growth potential, such as technology, digital media and consumer products. The blank-check vehicle structure allows Black Hawk Acquisition to leverage its capital and sponsor expertise to complete a business combination.
Formed in mid-2021, Black Hawk Acquisition completed its initial public offering on the Nasdaq under the ticker symbol BKHAR, raising approximately $250 million in gross proceeds.
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