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): November 19, 2025
Blue Acquisition Corp.
(Exact name of registrant
as specified in its charter)
| Cayman Islands |
|
001-42699 |
|
98-1855000 |
(State or other jurisdiction of
incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
1601 Anita Lane
Newport
Beach CA, 92660-4803
(Address of principal executive offices, including
zip code)
Registrant’s
telephone number, including area code: 646-543-5060
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)) |
Securities registered pursuant to Section
12(b) of the Act:
| Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange
on which registered |
| Units, each consisting of one Class A ordinary share and one right |
|
BACCU |
|
The Nasdaq Stock Market LLC |
| Class A ordinary shares, par value $0.0001 per share |
|
BACC |
|
The Nasdaq Stock Market LLC |
| Rights, each right entitling the holder to receive one-tenth (1/10) of one Class A ordinary share upon the consummation of an initial business combination |
|
BACCR |
|
The Nasdaq Stock Market LLC |
Indicate by check mark
whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter)
or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth
company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure.
On November 19, 2025, Blue
Acquisition Corp., a Cayman Islands exempted company (“Blue”), and Blockfusion Data Centers, Inc., a Delaware
corporation (“Pubco”), issued a press release announcing that they had entered into a Business Combination Agreement
(the “Business Combination Agreement”), dated as of November 19, 2025, with Blockfusion USA, Inc., a Delaware
corporation (together with its successors, “Blockfusion” or the “Company”), Atlas
I Merger Sub, a Cayman Islands exempted company and a wholly-owned subsidiary of Pubco (“SPAC Merger Sub”) and
Atlas Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Pubco (“Company Merger Sub”
and together with SPAC Merger Sub, the “Merger Subs”, and the Merger Subs collectively with Pubco, the “Company
Parties”). A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Pursuant to the Business Combination
Agreement and subject to the terms and conditions set forth therein, (i) on or prior to the closing (the “Closing”,
and the date and time of the Closing, the “Closing Date”) of the transactions contemplated by the Business Combination
Agreement (the “Transactions”), the holders of Blockfusion Series Seed Preferred Stock and Series A Preferred
Stock (collectively, the “Company Preferred Stock”) shall convert all of their issued and outstanding shares
of Company Preferred Stock for shares of Blockfusion Series A Common Stock, par value $0.0001 per share (the “Company Series
A Shares”) and Blockfusion Series B Common Stock, par value $0.0001 per share (the “Company Series B Shares”
and together with the Company Series A Shares, the “Company Common Stock”), at the applicable conversion ratio
(including any accrued or declared but unpaid dividends) as set forth in Blockfusion’s certificate of incorporation, as amended
(the “Preferred Conversion”), and (ii) on the Closing Date, (A) SPAC Merger Sub will merge with and into
Blue, with Blue continuing as the surviving entity (the “SPAC Merger”) and, as a result of which, each issued
and outstanding security of Blue immediately prior to the effective time of the SPAC Merger shall no longer be outstanding and shall automatically
be cancelled in exchange for which the security holders of Blue shall receive substantially equivalent securities of Pubco, (B) Company
Merger Sub will merge with and into Blockfusion, with Blockfusion continuing as the surviving entity (the “Company Merger”,
and together with the SPAC Merger, the “Mergers”), and as a result of which each issued and outstanding security
of Blockfusion immediately prior to the effective time of the Company Merger shall no longer be outstanding and shall automatically be
cancelled in exchange for which the security holders of Blockfusion shall receive shares of common stock, par value $0.0001 per share,
of Pubco (“Pubco Common Stock”), with holders of Company Series B Shares receiving shares of Pubco Class B common
stock, par value $0.0001 per share, which will have the same economic rights as the Pubco Class A Shares, but will have the right to twenty
20 votes per share (the “Pubco Class B Shares”) for such Company Class B Shares and holders of Company Series
A Shares receiving Pubco Class A common stock, par value $0.0001 per share (the “Pubco Class A Shares”) for
such Company Series A Shares. As a result of the Mergers and the other Transactions, Blue and Blockfusion will become wholly-owned subsidiaries
of Pubco, all upon the terms and subject to the conditions set forth in the Business Combination Agreement, and Pubco will become a publicly
traded company.
Furnished as Exhibit 99.2 hereto and incorporated herein by reference is the investor presentation that has been used by Blockfusion and
Blue in connection with the Business Combination Agreement.
The information in this Item
7.01, including Exhibit 99.1 and 99.2, attached hereto will not be deemed “filed” for purposes of Section 18 of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor be
deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”),
or the Exchange Act, except as expressly set forth by specific reference in such filing.
Additional Information and Where to Find
It
Pubco and Blockfusion intend
to file with the Securities and Exchange Commission (the “SEC”) the Registration Statement on Form S-4 (as amended
or supplemented from time to time, the “Registration Statement”), which will include a preliminary proxy statement
of Blue and a prospectus (the “Proxy Statement/Prospectus”) in connection with the extraordinary meeting of
Blue’s shareholders to approve the Transactions. The definitive proxy statement and other relevant documents will be mailed to shareholders
of Blue as of a record date to be established for voting on the Business Combination and other matters as described in the Proxy Statement/Prospectus.
Blue, Blockfusion and/or Pubco will also file other documents regarding the Business Combination with the SEC. This Current Report on
Form 8-K does not contain all of the information that should be considered concerning the Business Combination and is not intended to
form the basis of any investment decision or any other decision in respect of the Business Combination. BEFORE MAKING ANY VOTING OR INVESTMENT
DECISION, SHAREHOLDERS OF BLUE AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE PRELIMINARY PROXY STATEMENT/PROSPECTUS,
AND AMENDMENTS THERETO, AND THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH
THE SEC IN CONNECTION WITH BLUE’S SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO
APPROVE THE BUSINESS COMBINATION AND OTHER MATTERS AS DESCRIBED IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THESE DOCUMENTS WILL CONTAIN
IMPORTANT INFORMATION ABOUT BLUE, BLOCKFUSION, PUBCO AND THE BUSINESS COMBINATION. Investors and security holders will also be able to
obtain copies of the Registration Statement and the Proxy Statement/Prospectus and all other documents filed or that will be filed with
the SEC by Blue and Pubco, without charge, once available, on the SEC’s website at www.sec.gov or by directing a request
to: Blue Acquisition Corp., 1601 Anita Lane, Newport Beach CA, 92660; or upon written request to Blockfusion Data Centers, Inc. at 447
Broadway, 2nd Floor, #538, New York, NY 10013, respectively.
NEITHER THE SEC NOR ANY STATE
SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE BUSINESS COMBINATION DESCRIBED HEREIN, PASSED UPON THE MERITS OR FAIRNESS
OF THE BUSINESS COMBINATION OR ANY RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS CURRENT REPORT
ON FORM 8-K. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.
Participants in Solicitation
Blue, Blockfusion, Pubco and
their respective directors, executive officers, certain of their equity holders and other members of management and employees may be deemed
under SEC rules to be participants in the solicitation of proxies from Blue’s shareholders in connection with the Business Combination.
A list of the names of such persons, and information regarding their interests in the Business Combination and their ownership of Blue’s
securities are, or will be, contained in Blue’s filings with the SEC, including the final prospectus for Blue’s initial public
offering filed with the SEC on June 12, 2025 (the “IPO Prospectus”). Additional information regarding the interests
of the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of Blue’s shareholders in connection
with the Business Combination, including the names and interests of Blockfusion’s and Pubco’s respective directors or managers
and executive officers, will be set forth in the Registration Statement and Proxy Statement/Prospectus, which is expected to be filed
by Pubco and Blue with the SEC. Investors and security holders may obtain free copies of these documents as described above.
No Offer or Solicitation
This Current Report on Form
8-K and the information contained herein is for informational purposes only and is not a proxy statement or solicitation of a proxy, consent
or authorization with respect to any securities or in respect of the potential transactions and shall not constitute an offer to sell
or exchange, or a solicitation of an offer to buy or exchange the securities of Blue, Blockfusion or Pubco, or any commodity or instrument
or related derivative of Blue or Pubco, nor shall there be any sale of any such securities, commodities, instruments or related derivatives
in any state or jurisdiction in which such offer, solicitation, sale or exchange would be unlawful prior to registration or qualification
under the securities laws of such state or jurisdiction. No offer of securities, commodities, instruments or derivatives shall be made
except by means of a prospectus meeting the requirements of the Securities Act or an exemption therefrom. Investors should consult with
their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act.
Forward-Looking Statements
This Current Report on Form
8-K contains certain forward-looking statements within the meaning of the U.S. federal securities laws with respect to the Business Combination
involving Pubco, Blockfusion, and Blue, including expectations, hopes, beliefs, intentions, plans, prospects, financial results or strategies
regarding Blockfusion, Pubco, Blue and the Business Combination, statements regarding the anticipated benefits and timing of the completion
of the Business Combination, the assets that may be held by Blockfusion and Pubco and the value thereof, Pubco’s listing on any
securities exchange, the anticipated business of Pubco, plans and use of proceeds, objectives of management for future operations of Pubco,
the upside potential and opportunity for investors, Pubco’s plan for value creation and strategic advantages, market size and growth
opportunities, regulatory conditions, technological and market trends, future financial condition and performance and expected financial
impacts of the Business Combination, the satisfaction of closing conditions to the Business Combination and the level of redemptions of
Blue’s public shareholders, and Pubco’s expectations, intentions, strategies, assumptions or beliefs about future events,
results of operations or performance or that do not solely relate to historical or current facts. These forward-looking statements generally
are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,”
“intend,” “strategy,” “future,” “opportunity,” “potential,” “plan,”
“may,” “should,” “will,” “would,” “will be,” “will continue,”
“will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements
about future events or conditions that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.
Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including,
but not limited to: the risk that the Business Combination may not be completed in a timely manner or at all, which may adversely affect
the price of Blue’s securities; the risk that the Business Combination may not be completed by Blue’s business combination
deadline; the failure by the parties to satisfy the conditions to the consummation of the Business Combination, including the approval
of Blue’s shareholders; failure to realize the anticipated benefits of the Business Combination; the level of redemptions of the
Blue’s public shareholders which may reduce the public float of, reduce the liquidity of the trading market of, and/or maintain
the quotation, listing, or trading of the Class A ordinary shares of Blue or the Pubco Class A Shares to be listed in connection with
the Business Combination; the insufficiency of the third-party fairness opinion for the board of directors of Blue in determining whether
or not to pursue the Business Combination; the failure of Pubco to obtain or maintain the listing of its securities on any securities
exchange after the closing of the Business Combination; risks associated with Blue, Blockfusion and Pubco’s ability to consummate
the Business Combination timely or at all, including in connection with potential regulatory delays or impediments, costs related to the
Business Combination and as a result of becoming a public company; changes in business, market, financial, political and regulatory conditions;
risks relating to Pubco’s anticipated operations and business; risks related to increased competition in the industries in which
Pubco will operate; risks relating to significant legal, commercial, regulatory, tax and technical uncertainty regarding bitcoin and other
cryptocurrencies; risks related to the ability of Blockfusion and Pubco to execute their business plans; the risk that demand for data
center and high-performance computing infrastructure decreases; challenges in implementing Pubco’s business plan and proposed transition
to a Tier 3 Data Center due to operational and other challenges, significant competition and regulation; risks associated with the possibility
of Pubco being considered to be a “shell company” by any stock exchange on which Pubco Class A Common Stock will be listed
or by the SEC, which may impact Pubco’s ability to list Pubco Class A Common Stock and restrict reliance on certain rules or forms
in connection with the offering, sale or resale of securities, which could impact materially the time, cost and ability of Pubco to raise
capital after the closing of the Business Combination; the outcome of any potential legal proceedings that may be instituted against Pubco,
Blockfusion, Blue or others in connection with or following announcement of the Business Combination, and those risk factors discussed
in documents that Pubco and/or Blue filed, or that will be filed, with the SEC, including as will be set forth in the Registration Statement
to be filed with the SEC in connection with the Business Combination.
The foregoing list of risk
factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the
“Risk Factors” section of the IPO Prospectus, Blue’s Quarterly Reports on Form 10-Q and Blue’s Annual Reports
on Form 10-K that will be filed by Blue from time to time, the Registration Statement that will be filed by Pubco and Blue and the Proxy
Statement/Prospectus contained therein, and other documents that have been or will be filed by Blue and Pubco from time to time with the
SEC. These filings do or will identify and address other important risks and uncertainties that could cause actual events and results
to differ materially from those contained in the forward-looking statements. There may be additional risks that neither Blue nor Pubco
presently know or that Blue and Pubco currently believe are immaterial that could also cause actual results to differ from those contained
in the forward-looking statements.
Forward-looking
statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and
each of Blue, Blockfusion, and Pubco assume no obligation and do not intend to update or revise these forward-looking statements, whether
as a result of new information, future events, or otherwise. Neither Blue, Blockfusion, nor Pubco gives any assurance that any of Blue,
Blockfusion or Pubco will achieve their respective expectations. The inclusion of any statement in this Current Report on Form 8-K does
not constitute an admission by Blue, Blockfusion or Pubco or any other person that the events or circumstances described in such statement
are material.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. |
|
Description |
| 99.1 |
|
Press Release, dated November 19, 2025. |
| 99.2 |
|
Investor Presentation, dated November 2025. |
| 104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
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.
| |
Blue Acquisition Corp. |
| |
|
|
| |
By: |
/s/ Ketan Seth |
| |
Name: |
Ketan Seth |
| |
Title: |
Chief Executive Officer |
| Dated: November 19, 2025 |
|
|
