Black Hawk Acquisition Shares Stay Near $12 Ahead of Nasdaq Review
Black Hawk Acquisition Corp traded just below its 52-week peak going into Tuesday’s Nasdaq open. For the thinly traded SPAC, price isn’t top of mind. What matters is if Black Hawk’s shares and warrants are enough to keep out of new compliance trouble with Nasdaq. Nasdaq told Black Hawk on March 31 that its market value of listed securities stayed below the required $50 million for 30 straight business days. The company has until Sept. 28 to regain compliance, which means posting a closing MVLS of at least $50 million for 10 consecutive business days, a filing said.