
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Valuation
Upturn AI SWOT
- About
Black Hawk Acquisition Corporation (BKHA)


- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)

(see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
10/14/2025: BKHA (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit 8.82% | Avg. Invested days 274 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
![]() | ![]() |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 96.17M USD | Price to earnings Ratio 29.92 | 1Y Target Price - |
Price to earnings Ratio 29.92 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta - | 52 Weeks Range 10.12 - 10.89 | Updated Date 06/29/2025 |
52 Weeks Range 10.12 - 10.89 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.36 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -1% | Return on Equity (TTM) - |
Valuation
Trailing PE 29.92 | Forward PE - | Enterprise Value 96361313 | Price to Sales(TTM) - |
Enterprise Value 96361313 | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding 8929500 | Shares Floating 6464512 |
Shares Outstanding 8929500 | Shares Floating 6464512 | ||
Percent Insiders 26.21 | Percent Institutions 72.12 |
Upturn AI SWOT
Black Hawk Acquisition Corporation
Company Overview
History and Background
Black Hawk Acquisition Corporation was a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It ceased to exist when it completed a merger.
Core Business Areas
Leadership and Structure
As a SPAC, Black Hawk Acquisition Corporation had a management team focused on deal origination and execution. Structure was relatively simple, typical of SPACs.
Top Products and Market Share
Key Offerings
Market Dynamics
Industry Overview
SPAC market activity fluctuates based on overall market conditions, regulatory environment, and investor appetite for alternative investment vehicles.
Positioning
Black Hawk Acquisition Corporation's positioning depended on the target it was pursuing. As a SPAC, it competed with other SPACs and traditional IPOs for target companies.
Total Addressable Market (TAM)
The TAM for SPACs is the total market value of potential target companies suitable for going public via SPAC mergers. This is hard to quantify but in the hundreds of billions, with Black Hawk Acquisition Corporation just a single player within the market trying to make a single acquisition.
Upturn SWOT Analysis
Strengths
- Experienced management team (prior to merger)
- Access to capital (prior to merger)
- Potential for high returns (prior to merger)
Weaknesses
- No operating history (prior to merger)
- Reliance on finding a suitable target (prior to merger)
- Potential for shareholder dilution (prior to merger)
Opportunities
- Acquire a high-growth company (prior to merger)
- Benefit from favorable market conditions (prior to merger)
- Create shareholder value through operational improvements (prior to merger)
Threats
- Inability to find a suitable target (prior to merger)
- Unfavorable market conditions (prior to merger)
- Regulatory changes (prior to merger)
- Increased competition from other SPACs (prior to merger)
Competitors and Market Share
Key Competitors
Competitive Landscape
Black Hawk Acquisition Corporation competed with other SPACs for attractive target companies.
Growth Trajectory and Initiatives
Historical Growth: N/A, as the SPAC's growth is solely dependent on completing a successful merger.
Future Projections: Future projections are tied to the performance of the merged entity, not the SPAC itself.
Recent Initiatives: Initiatives focused on identifying and evaluating potential target companies (prior to merger).
Summary
Black Hawk Acquisition Corporation was a special purpose acquisition company (SPAC) designed to find a company to merge with. Its success was contingent upon finding an appropriate target company and executing a successful merger. Prior to the merge, it was primarily a financial vehicle with a short lifespan and limited operational activity. The company's performance was inherently tied to the performance of the merged entity, making an independent assessment difficult. Investor returns depended almost entirely on deal selection and execution.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC filings related to Black Hawk Acquisition Corporation
- SPAC data aggregators (e.g., SPAC Track, Boardroom Alpha)
Disclaimers:
This analysis is based on publicly available information and should not be considered financial advice. The information pertains to the SPAC *before* any potential merger. After a merger, analysis should focus on the surviving operating company.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Black Hawk Acquisition Corporation
Exchange NASDAQ | Headquaters Danville, CA, United States | ||
IPO Launch date 2024-05-13 | CEO, CFO, & Chairman Mr. Kent Louis Kaufman | ||
Sector Financial Services | Industry Shell Companies | Full time employees - | Website https://www.bhspac.com |
Full time employees - | Website https://www.bhspac.com |
Black Hawk Acquisition Corporation is a blank check company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. Black Hawk Acquisition Corporation was incorporated in 2023 and is based in Danville, California.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.