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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 2.25pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="text-underline-style: none">UNITED
STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="text-underline-style: none">Washington,
D.C. 20549</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="text-underline-style: none">FORM
8-K</FONT></P>

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="text-underline-style: none">CURRENT
REPORT</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-underline-style: none">Pursuant
to Section 13 or 15(d) of<BR>
the Securities Exchange Act of 1934</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):
April 10<B>, </B>2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="text-underline-style: none">blackhawk
capital group bdc, inc.</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified
in its charter)</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="width: 36%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Delaware</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(State or Other Jurisdiction of Incorporation)</B></P></TD>
    <TD STYLE="width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 18%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; font-weight: bold; text-align: center">814-00678<BR> (Commission File Number)</TD>
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 28%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 18.8pt; text-align: center"><B>20-1031329</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 18.8pt; text-align: center"><B>(IRS Employer Identification
        No.)</B></P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 74%; padding-right: 5.4pt; padding-left: 5.4pt; font-weight: bold; text-align: center"><B>880 Third Avenue, 12<SUP>th</SUP> Floor, <BR>
New York, New York <BR>
<FONT STYLE="font-size: 10pt">(Address of principal executive offices)</FONT></B></TD>
    <TD STYLE="width: 26%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; font-weight: bold; text-align: center"><B>10022-4730<BR>
<FONT STYLE="font-size: 10pt">(Zip Code)</FONT></B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="width: 100%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant&rsquo;s <FONT STYLE="font-size: 10pt">telephone</FONT>
        number, including area code:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(917) 338-7710</B></P></TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="width: 100%; border-bottom: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">Not Applicable</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">(Former name <FONT STYLE="font-size: 10pt">or</FONT> former <FONT STYLE="font-size: 10pt">address</FONT>, if changed since last report)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <TD STYLE="width: 95%; padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: .25in">Written communications pursuant to Rule 425 under the Securities Act (17 CFR&nbsp;230.425)</TD></TR>
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    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: .25in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: .25in">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
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    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: .25in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: .25in">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: .25in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; tab-stops: .25in">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
</TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Section 8.&#9;<I>Other Events.&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 8.01&#9;Other Events</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Blackhawk Capital Group
BDC, Inc., a Delaware corporation (the &quot;Company&quot;), respectfully submits this Form 8-K (&ldquo;8-K&rdquo;) containing
the following &quot;Item 8.01 Other Events&quot; information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On or about April 10,
2012, the Company learned that OTC Markets/Pink Sheets, where the Company&rsquo;s common stock, par value $0.00001 per share (&ldquo;Common
Stock&rdquo;) trades, had attached to quotes for the Common Stock, a warning that the Company &ldquo;may not be making material
information publicly available&rdquo; and also another warning as to trading in the Common Stock may constitute trading &ldquo;on
the basis of material nonpublic information prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5
and 10b5-1 thereunder. Violators of these laws are subject to civil and criminal penalties.&rdquo; The Company was advised by OTC
Markets that these warnings were placed on quotes for the Common Stock because the Company was not current in its filings with
the SEC under the Securities Exchange Act of 1934, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In a Form 12B-25 filed
with the SEC on March 31, 2011 reporting why the Company could not file its Annual Report on Form 10-K for the year ended December
31, 2010 on a timely basis, the Company stated:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in; text-align: justify">&quot;The Company's Annual Report on
Form 10-K (the &quot;Form 10-K&quot;) for the year ended December 31, 2010 cannot be filed within the prescribed time period without
unreasonable effort or expense because the Company does not currently have any funds to pay its independent auditor, EisnerAmper
LLP (&quot;Auditor&quot;), to commence work on the audit of the Company's financial statements for the fiscal year ended December
31, 2010. Attached as <B>Exhibit A</B>* to this Form 12b-25 is a letter from the Company's Auditor stating the specific reasons
why the Auditor is unable to furnish on a timely basis its required opinion. The Company is trying to raise funds to have the Auditor
commence work on the audit of the Company's 2010 financial statements. The Company expects to file the 2010 Form 10-K on or before
the 15th calendar day following the prescribed due date. In addition, Commission staff is currently reviewing (the &quot;Review&quot;)
the Company's Form 1-E and 1-E/A filings (&quot;Form 1-E&quot;) filed with the Commission in November 2010 and February 2011, respectively,
under Regulation E of the Securities Act of 1933, as amended (&quot;Securities Act&quot;), relating to the offering of shares of
common stock, par value $0.00001 per share (&quot;Common Stock&quot;). In connection with its Review, Commission staff has commented,
among other things, on the Company's financial statements included in the Form 1-E, including unaudited financial statements for
the fiscal quarter ended September 30, 2010 and the audited financial statements for the fiscal year ended December 31, 2009. Staff
comments and resolution thereof will impact on the 2010 financial statements to be included in the Company's disclosure in its
2010 Form 10-K. The Company received the staff's comment letter in January 2011 and responded in February 2011. The Company is
working with the SEC staff to resolve the open financial statement issues and other matters in the Form 1-E. As of the date of
this filing, staff's Review and comments has not been completed. The Company cannot assure that it will be able to satisfactorily
resolve the open matters with the Commission by the extended filing date for the 2010 Form 10-K.&quot;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">To the date of this
8-K, the Company has not filed its 2010 Form 10-K and 2011 Form 10-K and its Quarterly Reports on Form 10-Q for the fiscal quarters
ended March 31, 2011, June 30, 2011, and September 30, 2011, respectively (the &quot;Form 10-Qs&quot;) because the Company has
no funds to pay its accountant and lawyer to perform such work. In addition, since the date of the Company&rsquo;s filing of the
Form 12B-25 on March 31, 2011 and quoted above, in connection with the Review, the Company has not received any communication,
either in writing or orally, from the SEC staff on the Review, and the Company has not made any communication, either in writing
or orally, with SEC staff concerning the Review.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">To the date of this
8-K, the Company has not been able to raise funds to (a) have its Auditor audit its financial statements for the fiscal years ended
December 31, 2010 and December 31, 2011, and to prepare and file its 2010 Form 10-K and 2011 Form 10-K with the SEC; and (b) have
its Auditor review its Form 10-Qs and to prepare and file its Form 10-Qs. There can be no assurance that the Company will be able
to raise funds to make the filings with the SEC that are described in this 8-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In a Form 8-K filed
with the Commission on October 7, 2011, the Company reported similar information as the information contained in this Form 8-K,
including being contacted by OTC Markets/Pink Sheets on October 3, 2011 involving a trading warning from such organization which
trading warning is similar to in sum and substance the warning described in the second paragraph of this Form 8-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><U>SIGNATURES</U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD ROWSPAN="3" STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">Date:&nbsp; April 10, 2012</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">BLACKHAWK CAPITAL GROUP BDC, INC.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">By:</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">/s/ Craig A. Zabala</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font-size: 10pt">Craig A. Zabala<BR> Chief Executive Officer</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>



<P STYLE="margin: 0"></P>

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{"company-data": {"conformed-name": "BLACKHAWK CAPITAL GROUP BDC INC", "cik": "0001294345", "irs-number": "201031329", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "814-00678", "film-number": "12751834"}, "business-address": {"street1": "14 WALL STREET 11TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10005", "phone": "212-566-8300"}, "mail-address": {"street1": "14 WALL STREET 11TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10005"}}
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
April 10
,
2012
blackhawk
capital group bdc, inc.
(Exact name of registrant as specified
in its charter)
Delaware
(State or Other Jurisdiction of Incorporation)
814-00678
(Commission File Number)
20-1031329
(IRS Employer Identification
        No.)
880 Third Avenue, 12
th
Floor,
New York, New York
(Address of principal executive offices)
10022-4730
(Zip Code)
Registrant's
telephone
number, including area code:
(917) 338-7710
Not Applicable
(Former name
or
former
address
, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
1
Section 8.
Other Events.
Item 8.01	Other Events
Blackhawk Capital Group
BDC, Inc., a Delaware corporation (the "Company"), respectfully submits this Form 8-K ("8-K") containing
the following "Item 8.01 Other Events" information.
On or about April 10,
2012, the Company learned that OTC Markets/Pink Sheets, where the Company's common stock, par value $0.00001 per share ("Common
Stock") trades, had attached to quotes for the Common Stock, a warning that the Company "may not be making material
information publicly available" and also another warning as to trading in the Common Stock may constitute trading "on
the basis of material nonpublic information prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5
and 10b5-1 thereunder. Violators of these laws are subject to civil and criminal penalties." The Company was advised by OTC
Markets that these warnings were placed on quotes for the Common Stock because the Company was not current in its filings with
the SEC under the Securities Exchange Act of 1934, as amended.
In a Form 12B-25 filed
with the SEC on March 31, 2011 reporting why the Company could not file its Annual Report on Form 10-K for the year ended December
31, 2010 on a timely basis, the Company stated:
"The Company's Annual Report on
Form 10-K (the "Form 10-K") for the year ended December 31, 2010 cannot be filed within the prescribed time period without
unreasonable effort or expense because the Company does not currently have any funds to pay its independent auditor, EisnerAmper
LLP ("Auditor"), to commence work on the audit of the Company's financial statements for the fiscal year ended December
31, 2010. Attached as
Exhibit A
* to this Form 12b-25 is a letter from the Company's Auditor stating the specific reasons
why the Auditor is unable to furnish on a timely basis its required opinion. The Company is trying to raise funds to have the Auditor
commence work on the audit of the Company's 2010 financial statements. The Company expects to file the 2010 Form 10-K on or before
the 15th calendar day following the prescribed due date. In addition, Commission staff is currently reviewing (the "Review")
the Company's Form 1-E and 1-E/A filings ("Form 1-E") filed with the Commission in November 2010 and February 2011, respectively,
under Regulation E of the Securities Act of 1933, as amended ("Securities Act"), relating to the offering of shares of
common stock, par value $0.00001 per share ("Common Stock"). In connection with its Review, Commission staff has commented,
among other things, on the Company's financial statements included in the Form 1-E, including unaudited financial statements for
the fiscal quarter ended September 30, 2010 and the audited financial statements for the fiscal year ended December 31, 2009. Staff
comments and resolution thereof will impact on the 2010 financial statements to be included in the Company's disclosure in its
2010 Form 10-K. The Company received the staff's comment letter in January 2011 and responded in February 2011. The Company is
working with the SEC staff to resolve the open financial statement issues and other matters in the Form 1-E. As of the date of
this filing, staff's Review and comments has not been completed. The Company cannot assure that it will be able to satisfactorily
resolve the open matters with the Commission by the extended filing date for the 2010 Form 10-K."
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To the date of this
8-K, the Company has not filed its 2010 Form 10-K and 2011 Form 10-K and its Quarterly Reports on Form 10-Q for the fiscal quarters
ended March 31, 2011, June 30, 2011, and September 30, 2011, respectively (the "Form 10-Qs") because the Company has
no funds to pay its accountant and lawyer to perform such work. In addition, since the date of the Company's filing of the
Form 12B-25 on March 31, 2011 and quoted above, in connection with the Review, the Company has not received any communication,
either in writing or orally, from the SEC staff on the Review, and the Company has not made any communication, either in writing
or orally, with SEC staff concerning the Review.
To the date of this
8-K, the Company has not been able to raise funds to (a) have its Auditor audit its financial statements for the fiscal years ended
December 31, 2010 and December 31, 2011, and to prepare and file its 2010 Form 10-K and 2011 Form 10-K with the SEC; and (b) have
its Auditor review its Form 10-Qs and to prepare and file its Form 10-Qs. There can be no assurance that the Company will be able
to raise funds to make the filings with the SEC that are described in this 8-K.
In a Form 8-K filed
with the Commission on October 7, 2011, the Company reported similar information as the information contained in this Form 8-K,
including being contacted by OTC Markets/Pink Sheets on October 3, 2011 involving a trading warning from such organization which
trading warning is similar to in sum and substance the warning described in the second paragraph of this Form 8-K.
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SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date:  April 10, 2012
BLACKHAWK CAPITAL GROUP BDC, INC.
By:
/s/ Craig A. Zabala
Craig A. Zabala
Chief Executive Officer
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