Black Hawk Acquisition Corporation (BKHAU, BKHAR, BKHA) received a notice from Nasdaq on March 31, 2026, indicating non-compliance with the minimum $50,000,000 Market Value of Listed Securities (MVLS) requirement. The company's MVLS has been below the threshold for the last 30 consecutive business days, violating Nasdaq Listing Rule 5450(b)(2)(A). Black Hawk has 180 calendar days, until September 28, 2026, to regain compliance. To regain compliance, the company's MVLS must close at $50,000,000 or more for a minimum of ten consecutive business days. Failure to regain compliance could lead to delisting, though the company can appeal the decision or consider transferring its listing to the Nasdaq Capital Market. The notice does not result in immediate delisting, and the company's securities will continue to trade on the Nasdaq Global Market.