Fundamentals snapshot
BKHA · NGM · Financial Services · Shell Companies
Current price
$5.06
52-week range
$3.70 - $23.00
Market cap
$21.02M
One-glance verdict
We don't put a cash-flow fair value on banks and insurers. For these companies the reported 'cash flow' is really just money moving between loans, deposits and trades — not the leftover profit the owners could actually pocket — so the usual method would print a misleading number.
Balance sheet
Net debt $2.08M. Interest coverage shows how many times profit covers the interest bill.
What stands out
What this company does
Black Hawk Acquisition Corporation is a special kind of company, often called a blank check company, that doesn't actually sell a product or service itself right now. Instead, its main goal is to find another, existing company and merge with it, effectively buying that company to take it public. This matters because investors are essentially betting on Black Hawk's ability to find a good company to acquire.
Black Hawk Acquisition Corporation is a 'blank check' company, which is a shell company that goes public through an Initial Public Offering (IPO) to raise money. The sole purpose of this money is to find and merge with an existing private company, effectively taking that private company public without it having to go through the IPO process itself. Black Hawk Acquisition Corporation was incorporated in 2023 and is based in Danville, California. It has been actively seeking a business to combine with, and its efforts are not limited to any specific industry or geographic region. The company's management team has a background in business and consulting, aiming to leverage their experience to find a suitable acquisition target.
As a blank check company, Black Hawk Acquisition Corporation does not offer products or services to consumers. Its business is to find another company to merge with. Once a merger is completed, Black Hawk Acquisition Corporation will cease to exist in its current form, and the combined entity will become an operating company. The money raised from its IPO is held in a trust account and is used to fund the acquisition. Shareholders of Black Hawk Acquisition Corporation typically have the option to redeem their shares for cash if they do not approve of the proposed merger.
Black Hawk Acquisition Corporation's primary 'business line' is identifying and merging with a target company. This process involves searching for a private business that has a suitable valuation, typically between $180 million and $1 billion, and is operating in a sector with positive trends. The company's management team uses its network of contacts in finance and business to source potential acquisition targets. Once a target is identified, Black Hawk Acquisition Corporation will merge with it, and the target company will become the publicly traded entity.
Management's current strategy revolves around successfully completing a business combination with a target company. They are leveraging their extensive experience in business operations and deal-making to identify and secure a merger partner. The success of Black Hawk Acquisition Corporation hinges entirely on finding a suitable company to merge with and then executing that merger successfully. This involves navigating the complexities of SPAC regulations and ensuring shareholder approval for the proposed transaction.
Price history
Earnings history
Click any quarter to read the call summary and what the numbers say.
Is it cheap or expensive?
For a bank or insurer, the "free cash flow" shown on its statements is mostly money flowing through loans, deposits and trades — not the leftover profit the owners could actually keep, which is what this kind of valuation needs. Running that through the usual method would spit out a meaningless number, so we leave the cash-flow fair value out here rather than show you something misleading.
Is it drowning in debt?
Net debt $2.1M. Interest coverage -59.2x.
Black Hawk Acquisition Corporation's profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 4 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Total debt $2.09M Interest coverage -59.24x This is the baseline the peer rows are being compared against.
Total debt $596.31K Interest coverage -0.04x Neither company has much profit cushion over interest right now.
Total debt $1.05M Interest coverage -0.16x Neither company has much profit cushion over interest right now.
Total debt $731.73K Interest coverage -0.10x Neither company has much profit cushion over interest right now.
Total debt $200.00K Interest coverage -0.19x Neither company has much profit cushion over interest right now.
What you should know
The numbers
Tap any ? icon to learn what it means.
Valuation
Profitability
Health
Growth
Cash flow
Dividend
Metric explainer
Debt comparison
What you should know