Black Hawk Acquisition says 2,089,162 shares redeemed in Vesicor deal, cutting trust to about $420,377
BKHA•Black Hawk Acquisition said holders redeemed 2,089,162 Class A shares for about $25.15 million, leaving an estimated $420,377 in its trust account pending final reconciliation and adjustment.
1. Redemptions and trust balance
Black Hawk Acquisition said holders redeemed 2,089,162 Class A ordinary shares for about $25.15 million in connection with its proposed merger with Vesicor Therapeutics. Roughly 2,060,000 Class A ordinary shares are expected to remain outstanding, including shares not subject to redemption, and about $420,377 is estimated to remain in the trust account, pending final reconciliation and adjustment.
