04:40 PM EDT, 03/22/2024 (MT Newswires) -- Black Hawk Acquisition ( BKHAU ) said late Friday it has closed its initial public offering of 6.9 million units at $10 apiece.

Each unit consists of one share of common stock and one-fifth of one right to receive one share upon the completion of an initial merger, the company said.

The units started trading on Nasdaq Thursday. Once the securities start separate trading, the common stock and rights are expected to be listed under the tickers BKHA and BKHAR, respectively, on Nasdaq, the company said.