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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CURRENT REPORT</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date of Report (Date of earliest event reported): <font style="DISPLAY: inline; FONT-WEIGHT: bold">October 7, 2011</font></font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman">BLACKHAWK CAPITAL GROUP BDC, INC.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">880 Third Avenue, 12<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font> Floor,</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Blackhawk Capital Group BDC, Inc., a Delaware corporation (the "Company"), respectfully submits this Form 8-K (&#8220;8-K&#8221;) containing the following "Item 8.01 Other Events" information.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On or about October 3, 2011, the Company learned that OTC Markets/Pink Sheets, where the Company&#8217;s common stock, par value $0.00001 per share (&#8220;Common Stock&#8221;) trades, had attached to quotes for the Common Stock, a warning that the Company &#8220;may not be making material information publicly available&#8221; and also another warning as to trading in the Common Stock may constitute trading &#8220;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.&#160;&#160;Violators of these laws are subject to civil and criminal penalties.&#8221;&#160;&#160;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.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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:</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">"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.&#160;&#160;Attached as <font style="DISPLAY: inline; FONT-WEIGHT: bold">Exhibit A</font>* 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.&#160;&#160;The Company is trying to raise funds to have the Auditor commence work on the audit of the Company's 2010 financial statements.&#160;&#160;The Company expects to file the 2010 Form 10-K on or before the 15th calendar day following the prescribed due date.&#160;&#160;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").&#160;&#160;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.&#160;&#160;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.&#160;&#160;The Company received the staff's comment letter in January 2011 and responded in February 2011.&#160;&#160;The Company is working with the SEC staff to resolve the open financial statement issues and other matters in the Form 1-E.&#160;&#160;As of the date of this filing, staff's Review and comments has not been completed.&#160;&#160;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."</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To the date of this 8-K, the Company has not filed its 2010 Form 10-K and its Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, 2011 and June 30, 2011, respectively (the &#8220;Form 10-Qs&#8221;).&#160;&#160;In addition, since the date of the Company&#8217;s filing of the Form 12B-25 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.</font></div>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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 year ended December 31, 2010, and to prepare and file its 2010 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.&#160;&#160;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.</font></div>

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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": "111131220"}, "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):
October 7, 2011
BLACKHAWK CAPITAL GROUP BDC, INC.
(Exact name of registrant as specified in its charter)
Delaware
814-00678
20-1031329
(State or Other Jurisdiction
(Commission
(IRS Employer
of Incorporation)
File Number)
Identification No.)
880 Third Avenue, 12
th
Floor,
10022-4730
New York, New York
(Zip Code)
(Address of principal executive offices)
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:
o
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))
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 October 3, 2011, 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."
2
To the date of this 8-K, the Company has not filed its 2010 Form 10-K and its Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, 2011 and June 30, 2011, respectively (the "Form 10-Qs").  In addition, since the date of the Company's filing of the Form 12B-25 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 year ended December 31, 2010, and to prepare and file its 2010 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.
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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:  October 7, 2011
BLACKHAWK CAPITAL GROUP BDC, INC.
By:
/s/ Craig A. Zabala
Craig A. Zabala
Chief Executive Officer
4