Black Hawk Acquisition (NASDAQ:BKHAU) Stock Price Down 0.4% – Here’s Why

Black Hawk Acquisition Co. (NASDAQ:BKHAU)’s stock price traded down 0.4% on Thursday . The stock traded as low as $12.14 and last traded at $12.25. 2,700 shares changed hands during trading, an increase of 41% from the average session volume of 1,916 shares. The stock had previously closed at $12.30.

Black Hawk Acquisition Stock Down 0.4%

The company’s 50 day moving average price is $11.98 and its 200-day moving average price is $11.52.

Black Hawk Acquisition Company Profile

Black Hawk Acquisition (NASDAQ: BKHAU) is a special purpose acquisition company (SPAC) incorporated in Delaware. It was formed to raise capital through an initial public offering for the purpose of identifying and completing a merger, acquisition, or other business combination with one or more businesses.

The company completed its initial public offering in mid-2021, raising gross proceeds that are held in a trust account until a qualifying transaction is consummated. As a blank-check vehicle, Black Hawk Acquisition has no commercial operations or revenue of its own and does not currently report any operating results outside of interest income on its trust holdings.

Black Hawk Acquisition is focused on targeting businesses in sectors where its promoters and advisors have expertise.