Black Hawk Acquisition Corporation Units (BKHA)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	264.84 k	264.84 k	264.84 k	264.84 k		264.84 k
Cash burn (monthly)	19.67 k	(no burn)	23.76 k	45.51 k		(no burn)
Cash used (since last report)	60.63 k	n/a	73.23 k	140.29 k		n/a
Cash remaining	204.21 k	n/a	191.61 k	124.56 k		n/a
Runway (months of cash)	10.4	n/a	8.1	2.7		n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2024

BKHA institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	40	29	+37.9%
Opened positions	15	12	+25.0%
Closed positions	4	9	-55.6%
Increased positions	4	9	-55.6%
Reduced positions	8	1	+700.0%

13F shares	Current	Prev Q	Change
Total value	63.78 bn	44.49 bn	+43.4%
Total shares	10.19 mm	7.16 mm	+42.3%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Black Hawk Management	1.73 mm	$0.00	0.0%
Karpus Management	1.08 mm	$11.16 bn	-0.0%
TD The Toronto-Dominion Bank	722.63 k	$5.00 bn	NEW
MFG Mizuho Financial	688.08 k	$7.32 mm	NEW
Mizuho Securities Usa	688.08 k	$7.11 bn	+14.2%
Vivaldi Asset Management	670.00 k	$6.95 bn	0.0%
CNH Partners	591.77 k	$5.33 bn	NEW
TD Securities	481.24 k	$5.12 mm	NEW
WRB W. R. Berkley	438.06 k	$4.55 bn	NEW
Rivernorth Capital Management	377.98 k	$3.33 bn	NEW

Largest transactions	Shares	Bought/sold	Change
TD The Toronto-Dominion Bank	722.63 k	+722.63 k	NEW
MFG Mizuho Financial	688.08 k	+688.08 k	NEW
CNH Partners	591.77 k	+591.77 k	NEW
Aqr Capital Management	0.00	-520.64 k	EXIT
TD Securities	481.24 k	+481.24 k	NEW
WRB W. R. Berkley	438.06 k	+438.06 k	NEW
Cowen And	0.00	-383.89 k	EXIT
Rivernorth Capital Management	377.98 k	+377.98 k	NEW
Shaolin Capital Management	20.00 k	-250.00 k	-92.6%
Harraden Circle Investments	250.00 k	+250.00 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

BKHA insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
4 Apr 24	Black Hawk Management	Class A Ordinary Shares	Grant	Acquire A	No	No	0	1,725,000	0.00	1,725,000
4 Apr 24	Black Hawk Management	Class B Ordinary Shares Ordinary Shares	Sale back to company	Acquire D	No	No	0.0001	1,725,000	172.50	0

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.