Blue Acquisition Corp.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $294.4M
- Price
- $10.53
- % Change (Daily % change from the live per-ticker quote feed.)
- +0.19%
- Volume
- 779
About
Blue Acquisition Corp. does not have significant operations. It intends to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2025 and is based in Newport Beach, California.
Quick stats
Shares outstanding28.0M
Computed float20.5M
Float / shares73.3%
Key info
SectorFinancial Services
IndustryShell Companies
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0002059654
Websitehttps://www.blueacorp.com
AI Summary
AI-generated2mo agomajorbullishpartnership
Blockfusion and Blue Acquisition Corp. Announce LOIs for Anchor Lease with a Leading AI Customer and $175 Million Convertible Note Financing and Non-Redemption Agreement, and Advancement of Planned Expansion of Niagara Falls Campus
Blockfusion and Blue Acquisition Corp. announced a non-binding letter of intent for an anchor lease with a leading AI customer for up to 300 MW of IT capacity at the Niagara Falls campus, including 85 MW of guaranteed take-or-pay capacity over a 15-year term.
The companies also entered into term sheets for a $175 million private placement of convertible notes and a non-redemption agreement covering approximately $33 million of trust account proceeds to support the business combination and initial build-out.
Blockfusion is advancing its expansion plans through an exclusivity agreement for land parcels, positioning the company to develop a scaled AI infrastructure platform with over 300 MW of potential capacity.
Red flags
- Agreements are non-binding term sheets and LOIs
- Revenue figures are forward-looking estimates contingent on definitive agreements and full performance
- Financing and non-redemption are subject to conditions precedent including the consummation of the Business Combination