Black Hawk Acquisition signs up to $300,000 convertible note with sponsor Black Hawk Management LLC

• Black Hawk Acquisition issued a convertible promissory note for up to USD 300,000 to sponsor Black Hawk Management on Aug. 21, 2026.
• Borrowings can be drawn for working capital or extension fees, capped at USD 300,000 in aggregate advances.
• Note accrues 10% annual interest from July 8, 2026 for one year.
• Repayment due at a DeSPAC closing or liquidation; liquidation requires cash repayment.
• Sponsor can convert principal at a DeSPAC into post-combination common stock at USD 1 per share, rounded up.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Black Hawk Acquisition Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001829126-26-009347), on August 26, 2026, and is solely responsible for the information contained therein.