Black Hawk 10-K: Net income $1.33M in 2025, $1.92M in 2024 — SPAC financials
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Black Hawk reported net income of $1.33 million for 2025 and $1.92 million for 2024, primarily from interest income, as it has no operating revenues. The company, structured as a SPAC, is pursuing a merger with Vesicor Therapeutics. Financial highlights include interest income of $2.245 million in 2025 and $2.492 million in 2024, offset by general and administrative expenses. The company faces increased compliance costs and has substantial doubt about its ability to continue without additional funding. Completion of the business combination is subject to customary conditions.
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