$BKHAR

Black Hawk Acquisition Corp

CIK:0002000775|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2026	May 31, 2025	May 31, 2026	May 31, 2025
General and administrative expenses	$ 79,215	$ 217,598	$ 103,403	$ 296,367
Related party administrative fees	30,000	30,000	60,000	60,000
Loss from operations	(109,215)	(247,598)	(163,403)	(356,367)
Other income
Interest income		517		1,754
Interest earned on investments held in Trust Account	222,525	767,623	435,967	1,533,534
Interest expense	(24,381)		(43,830)
Total other income	198,144	768,140	392,137	1,535,288
Net income	$ 88,929	$ 520,542	$ 228,734	$ 1,178,921
Class A Ordinary Shares [Member]
Other income
Weighted average shares outstanding, basic	2,124,077	6,900,000	2,124,077	6,900,000
Weighted average shares outstanding, dilute	2,124,077	6,900,000	2,124,077	6,900,000
Basic net loss per common share	$ 0.02	$ 0.06	$ 0.06	$ 0.13
Diluted net loss per common share	$ 0.02	$ 0.06	$ 0.06	$ 0.13
Non Redeemable Class A Ordinary Shares [Member]
Other income
Weighted average shares outstanding, basic	2,029,500	2,029,500	2,029,500	2,029,500
Weighted average shares outstanding, dilute	2,029,500	2,029,500	2,029,500	2,029,500
Basic net loss per common share	$ 0.02	$ 0.06	$ 0.06	$ 0.13
Diluted net loss per common share	$ 0.02	$ 0.06	$ 0.06	$ 0.13

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	May 31, 2026	May 31, 2025	May 31, 2026	May 31, 2025
Cash Flows from Operating Activities:
Net income			$ 228,734	$ 1,178,921
Adjustments to reconcile net income to net cash used in operating activities:
Interest earned on investments held in Trust Account	$ (222,525)	$ (767,623)	(435,967)	(1,533,534)
Changes in operating assets and liabilities:
Prepaid expenses			(40,278)	(17,380)
Accounts payable and accrued expenses			(98,628)	(69,935)
Net cash used in operating activities			(346,139)	(441,928)
Cash Flows from Investing Activities:
Cash deposited in Trust Account			(1,050,000)
Net cash used in investing activities			(1,050,000)
Cash Flows from Financing Activities:
Proceeds from related party			7,400
Proceeds of convertible note - related party			635,000
Proceeds from target company			725,801	250,000
Net cash provided by financing activities			1,368,201	250,000
Net Changes in Cash			(27,938)	(191,928)
Cash - Beginning of period			39,521	264,842
Cash - End of period	11,583	72,914	11,583	72,914
Supplemental Disclosure of Non-cash Financing Activities:
Remeasurement of Class A ordinary shares subject to possible redemption	$ (672,525)	$ (767,623)	$ 1,485,967	$ 1,533,534

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	May 31, 2026	Nov. 30, 2025
Current Assets
Cash	$ 11,583	$ 39,521
Prepaid expenses	51,547	11,269
Total Current Assets	63,130	50,790
Investments held in Trust Account	25,313,116	23,827,149
Total Assets	25,376,246	23,877,939
Current Liabilities
Due to target company	1,300,801	575,000
Due to related party	7,400	(0)
Accounts payable and accrued expenses	153,952	296,410
Accrued interest expenses	57,287	15,454
Convertible note - related party	1,232,366	595,369
Total Current Liabilities	2,751,806	1,482,233
Deferred underwriting fee payable	2,415,000	2,415,000
Total Liabilities	5,166,806	3,897,233
Commitments and Contingencies – see Note 6
Class A ordinary shares subject to possible redemption, $0.0001 par value; 500,000,000 shares authorized; 2,124,077 shares and 2,124,077 shares issued and outstanding at redemption value of $11.92 and $11.22 as of May 31, 2026 and November 30, 2025, respectively	25,313,116	23,827,149
Shareholders’ Deficit
Class A ordinary shares, $0.0001 par value; 450,000,000 shares authorized; 2,029,500 shares issued and outstanding	203	203
Additional paid-in capital	4,538	4,538
Accumulated deficit	(5,108,417)	(3,851,184)
Total Shareholders’ Deficit	(5,103,676)	(3,846,443)
Total Liabilities and Shareholders’ Deficit	$ 25,376,246	$ 23,877,939