[SCHEDULE 13G] Blue Acquisition Corp. Unit SEC Filing

Rhea-AI Filing Summary

Magnetar Financial LLC and affiliated entities filed a Schedule 13G revealing a passive 6.58 % stake (1,200,000 Class A shares) in Blue Acquisition Corp. (BACCU) as of 30 Jun 2025.

The reporting group—Magnetar Financial, Magnetar Capital Partners LP, Supernova Management LLC and David J. Snyderman—share all voting and dispositive power; no member holds sole authority. The position is spread across eight Magnetar-managed funds, the largest being Constellation Master Fund with 264,000 shares. Calculations use the issuer’s 18,214,750 outstanding shares disclosed in a 13 Jun 2025 prospectus.

The certification states the shares were acquired in the ordinary course of business and are not intended to influence control, aligning with Rule 13d-1(b)/(c) passive-investor status. No purchase prices, transaction dates or other financial metrics are provided.

For investors, the filing signals the presence of a sophisticated alternative-asset manager on the register, which can support liquidity and market visibility, but it does not suggest imminent strategic action or affect near-term fundamentals.

Positive

• Institutional validation: Magnetar’s 6.58 % stake introduces a sophisticated hedge-fund manager to BACCU’s shareholder base, which can improve liquidity and market visibility.

Negative

• Potential share overhang: A 1.2 million-share block held across Magnetar funds could pressure the stock if the group elects to exit rapidly.

Insights

Securities Analyst

TL;DR: Magnetar’s 6.6 % passive stake adds institutional depth but offers minimal immediate valuation or control implications for BACCU shareholders.

Magnetar is a well-known event-driven investor. Its 1.2 million-share position equates to roughly one week’s average SPAC volume, enhancing float and liquidity. Because the group disclaims control intent and holds shared—not sole—voting power, the stake is unlikely to trigger governance changes or a tender offer. The percentage is below the 10 % level that would mandate a Schedule 13D upon activist activity. While institutional presence can attract incremental investor interest, the lack of price, cost basis or timeframe information limits insight into entry thesis. Overall, the disclosure is informational rather than catalytic.

Corporate Governance Expert

TL;DR: Filing clarifies Magnetar’s ownership structure and passive intent, reducing speculation about control but introducing potential overhang if funds exit.

The joint filing consolidates voting power across multiple Magnetar vehicles under Snyderman’s control, meeting Rule 13d-3 aggregation requirements. Shared authority means any disposal decision must be coordinated, which could result in sizeable block trades later. However, by certifying passive intent, Magnetar avoids heightened disclosure obligations that accompany a 13D activist stance. The 6.58 % position falls below thresholds that would grant board nomination rights in most SPAC charters. Thus, governance risk is low, though the market should monitor subsequent amendments for percentage changes or a switch to 13D status.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Blue Acquisition Corp.

(Name of Issuer)

Class A ordinary shares, par value $0.0001

(Title of Class of Securities)

G1331A124

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G1331A124

1

Names of Reporting Persons

MAGNETAR FINANCIAL LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,200,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,200,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,200,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.58 %

12

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13G

CUSIP No. G1331A124

1

Names of Reporting Persons

MAGNETAR CAPITAL PARTNERS LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,200,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,200,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,200,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.58 %

12

Type of Reporting Person (See Instructions)

HC, PN

SCHEDULE 13G

CUSIP No. G1331A124

1

Names of Reporting Persons

SUPERNOVA MANAGEMENT LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,200,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,200,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,200,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.58 %

12

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13G

CUSIP No. G1331A124

1

Names of Reporting Persons

DAVID J. SNYDERMAN

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,200,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,200,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,200,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.58 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Blue Acquisition Corp.
(b)	Address of issuer's principal executive offices: 1601 ANITA LANE NEWPORT BEACH, CA, 92660
Item 2.
(a)	Name of person filing: This statement is filed on behalf of each of the following person (collectively, the "Reporting Persons"): i) Magnetar Financial LLC ("Magnetar Financial"); ii) Magnetar Capital Partners LP (Magnetar Capital Partners"); iii) Supernova Management LLC ("Supernova Management"); and iv) David J. Snyderman ("Mr. Snyderman"). This statement relates to the Shares (as defined herein) held for Magnetar Constellation Master Fund, Ltd ("Constellation Master Fund"), Magnetar Xing He Master Fund Ltd ("Xing He Master Fund"), Magnetar SC Fund Ltd ("SC Fund"), Purpose Alternative Credit Fund Ltd ("Purpose Credit Fund"), all Cayman Islands exempted companies; Magnetar Structured Credit Fund, LP ("Structured Credit Fund") a Delaware limited partnership; Magnetar Alpha Star Fund LLC ("Alpha Star Fund"), Magnetar Lake Credit Fund LLC ("Lake Credit Fund"), Magnetar Waterfront Series A LLC ("Waterfront Series A Fund), all Delaware limited liability companies; collectively (the "Magnetar Funds"). Magnetar Financial serves as the investment adviser to the Magnetar Funds, and as such, Magnetar Financial exercises voting and investment power over the Shares held for the Magnetar Funds' accounts. Magnetar Capital Partners serves as the sole member and parent holding company of Magnetar Financial. Supernova Management is the general partner of Magnetar Capital Partners. The manager of Supernova Management is Mr. Snyderman.
(b)	Address or principal business office or, if none, residence: The address of the principal business office of each of Magnetar Financial, Magnetar Capital Partners, Supernova Management, and Mr. Snyderman is 1603 Orrington Avenue, 13th Floor, Evanston, Illinois 60201.
(c)	Citizenship: Place of Organization. i) Magnetar Financial is a Delaware limited liability company; ii) Magnetar Capital Partners is a Delaware limited partnership; iii) Supernova Management is a Delaware limited liability company; and iv) Mr. Snyderman is a citizen of the United States of America.
(d)	Title of class of securities: Class A ordinary shares, par value $0.0001
(e)	CUSIP No.: G1331A124
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: As of June 30, 2025, each of Magnetar Financial, Magnetar Capital Partners, Supernova Management and Mr. Snyderman held 1,200,000 Shares. The amount consists of (A) 264,000 Shares held for the account of Constellation Master Fund; (B) 216,000 Shares held for the account of Lake Credit Fund; (C) 156,000 Shares held for the account of Structured Credit Fund; (D) 204,000 Shares held for the account of Xing He Master Fund; (E) 144,000 Shares held for the account of Alpha Star Fund; (F) 120,000 Shares held for the account of Purpose Credit Fund; (G) 72,000 Shares held for the account of SC Fund; and (H) 24,000 Shares held for the account Waterfront Series A Fund. The Shares held by the Magnetar Funds represent approximately 6.58% of the total number of Shares outstanding (calculated pursuant to Rule 13d-3(d)(1)(i)) of the outstanding shares of the Issuer).
(b)	Percent of class: As of June 30, 2025, each of the Reporting Persons were deemed to be the beneficial owner constituting approximately 6.58% of the total number of shares outstanding (based upon the information provided by the Issuer in its prospectus filed with the SEC on June 13, 2025, there were approximately 18,214,750 Shares outstanding).
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 1,200,000
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 1,200,000
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

MAGNETAR FINANCIAL LLC

Signature:	/s/ Hayley Stein
Name/Title:	Hayley Stein, Attorney-in-fact for David J. Snyderman, Manager of Supernova Management LLC
Date:	08/08/2025

MAGNETAR CAPITAL PARTNERS LP

Signature:	/s/ Hayley Stein
Name/Title:	Hayley Stein, Attorney-in-fact for David J. Snyderman, Manager of Supernova Management LLC
Date:	08/08/2025

SUPERNOVA MANAGEMENT LLC

Signature:	/s/ Hayley Stein
Name/Title:	Hayley Stein, Attorney-in-fact for David J. Snyderman, Manager of Supernova Management LLC
Date:	08/08/2025

DAVID J. SNYDERMAN

Signature:	/s/ Hayley Stein
Name/Title:	Hayley Stein, Attorney-in-fact for David J. Snyderman, Manager of Supernova Management LLC
Date:	08/08/2025

Comments accompanying signature: MAGNETAR FINANCIAL LLC BY: Magnetar Capital Partners LP, its Sole Member BY: Supernova Management LLC, its General Partner MAGNETAR CAPITAL PARTNERS LP By: Supernova Management LLC, its General Partner

Exhibit Information

99.1 Joint Filing Agreement, dated as of August 8, 2025, among the Reporting Persons. 99.2 Power of Attorney, dated as of December 22, 2022 filed by the Reporting Persons on August 8, 2025.

FAQ

How many Blue Acquisition Corp. shares does Magnetar own?

Magnetar entities report 1,200,000 Class A shares, equal to 6.58 % of shares outstanding.

Is Magnetar’s stake in BACCU considered activist?

No. The Schedule 13G certification states the position is passive and not intended to influence control.

Which Magnetar funds hold BACCU shares?

Eight funds, led by Constellation Master Fund (264k) and Lake Credit Fund (216k), collectively own the reported shares.

Does Magnetar have sole voting power over BACCU shares?

No. All voting and dispositive power is shared among the reporting persons; sole power is zero.

What is BACCU’s total share count used in the filing?

The filing references 18,214,750 shares outstanding from the issuer’s 13 Jun 2025 prospectus.