On April 1, 2026, Black Hawk Acquisition Corporation disclosed in its Form 8-K filing that it received a notice from the Nasdaq Stock Market regarding its market value of listed securities (MVLS). The notice indicated that the company's MVLS had fallen below the required threshold of $50 million for continued listing on the Nasdaq Global Market, as stipulated under Listing Rule 5450(b)(2)(A). This situation arose after the company's MVLS was below the required level for the last 30 consecutive business days. The company has been granted a compliance period of 180 calendar days, until September 28, 2026, to regain compliance with the MVLS requirement. To achieve compliance, the company's MVLS must close at $50 million or more for a minimum of ten consecutive business days. Nasdaq may require the company to maintain this minimum for a longer period before confirming long-term compliance. Should the company fail to meet the compliance requirement by the deadline, it will receive a written notification regarding the potential delisting of its securities. The company may appeal this decision or consider transferring its listing to the Nasdaq Capital Market, provided it meets the necessary criteria for that market. Despite this notice, the company's securities, including its Units, Rights, and Class A Ordinary Shares, will continue to trade on the Nasdaq under their respective symbols: 'BKHAU', 'BKHAR', and 'BKHA'. The company is actively monitoring its MVLS and evaluating options to regain compliance with Nasdaq's listing standards.

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