# Black Hawk Acquisition Corp

Black Hawk Acquisition Corp is an other.

## Overview

- **Organization type:** other
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

Black Hawk Acquisition Corp priced its initial public offering in March 2024, raising roughly $69 million at $10 per unit. Kent McCarthy, a veteran of Asian equities at Goldman Sachs and founder of Jayhawk Capital Management, chairs and leads the SPAC as CEO. The blank-check company is domiciled in Delaware and filed to trade on the Nasdaq, though it has not disclosed a physical headquarters in its filings beyond a mailing address. Black Hawk’s stated acquisition search targets the streaming, digital media, and entertainment sectors. The vehicle carries the post-IPO clock standard to US-listed SPACs, requiring a deal announcement within a defined window. The trust account holds the IPO proceeds pending a business combination, invested in short-term US government securities per standard practice. Jonathan Kislak serves as CFO, drawing from a background in SPAC and structured finance vehicles. The organizational documents disclose standard redemption mechanics and a targeted initial business combination timeline, though no deal has been announced as of the latest public filings. The principal team is lean — McCarthy, Kislak, and a small board — typical for a SPAC sponsor group. Black Hawk’s structural profile fits the classic single-purpose acquisition company, with its life cycle tied entirely to completing a merger. The sponsor's parallel presence through Jayhawk Capital offers an operating company adjacency unusual among smaller SPAC sponsors, potentially easing post-combination oversight if a deal materializes.

## People

- Kent C. McCarthy — Chairman and Chief Executive Officer
- Jonathan P. Kislak — Chief Financial Officer

## Questions

### Who runs Black Hawk Acquisition Corp?

Kent McCarthy is Chairman and CEO. He previously spent 11 years at Goldman Sachs, where he was a general partner running Asian equities, and later founded Jayhawk Capital Management — a firm with offices in Shanghai and Kansas. CFO Jonathan Kislak has a background in SPACs and structured finance. Both roles are disclosed in the 2024 IPO prospectus.

### How much capital did Black Hawk raise, and what are the merger mechanics?

The March 2024 IPO raised roughly $69 million including partial exercise of the over-allotment option. Like all US-listed SPACs, the funds sit in a trust pending a merger vote, with shareholders retaining redemption rights. If no deal closes within the defined window, the trust liquidates and returns capital (per SEC filings).

### What is Jayhawk Capital Management, and how does it relate to Black Hawk?

Jayhawk Capital is Kent McCarthy's primary investment firm, launched in 1996, with a focus on Asia-Pacific public and private equity. It provides the operational backbone and deal-sourcing network behind Black Hawk. Having a functioning asset manager as sponsor — rather than a group assembled just for the IPO — differentiates this SPAC from many single-purpose sponsor entities.

### Has Black Hawk Acquisition Corp announced a merger target?

No. As of the most recent public filings, no letter of intent or definitive agreement has been disclosed. The SPAC remains in its search phase, and the post-IPO environment for de-SPAC transactions has been challenging industry-wide.

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Last updated: 2026-08-11T02:43:31.692Z

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