Blue Acquisition Corp. reports recurring SPAC developments tied to shareholder voting matters, governance actions, capital-structure disclosures, and security-structure updates. The company is a blank-check issuer, so company updates focus on its Class A ordinary shares, units, rights, and the procedural disclosures associated with an initial business-combination process.
Blockfusion (private) / Blue Acquisition (BACC) announced that Blockfusion subsidiary North East Data has signed a 15-year anchor lease and companion expansion agreement with CoreWeave (CRWV) for capacity at Blockfusion’s Niagara Falls, New York AI and high‑performance computing campus.
The definitive agreements replace a prior non‑binding letter of intent and include two additional five‑year renewal options. Blockfusion is converting a decommissioned power plant into a predominantly low‑carbon, high‑density, liquid‑cooled AI data center leveraging existing grid interconnection and hydroelectric power. The lease is described as an important step in Blockfusion’s proposed business combination with Blue Acquisition, which is expected, subject to customary closing conditions, to create Blockfusion Digital Infrastructure (ticker “BDI”) as a publicly traded pure‑play HPC and AI infrastructure platform on Nasdaq.
Blockfusion (to trade via Blue Acquisition Corp, Nasdaq: BACC) will combine with Blue Acquisition to form Blockfusion Data Centers, Inc., reflecting a $450 million pre‑money equity value (implied $480 million enterprise value) and targeting a first‑half 2026 close. The company operates a clean energy‑powered Niagara Facility with 46 MW energized today and plans to expand to >100 MW of Tier 3 capacity supporting 200 kW per rack GPU workloads.
Blue Acquisition holds ~$204 million in trust; the deal aims to deliver ~$200 million to the go‑forward business via trust retention and PIPE. Management projects up to $128M revenue / $75M EBITDA by 2028 and $209M revenue / $132M EBITDA by 2030, excluding capital expenditures and contingent on capital access and customer offtake.
Blue Acquisition Corp. (Nasdaq: BACC) announced that starting August 4, 2025, holders of units from its initial public offering can begin separately trading the company's Class A ordinary shares and rights. The separated securities will trade on the Nasdaq Global Market under the symbols "BACC" (Class A ordinary shares) and "BACCR" (rights).
Units that remain unseparated will continue trading under the symbol "BACCU". This announcement marks a significant milestone in the SPAC's post-IPO phase, providing investors with more flexibility in trading the company's securities.