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SPAC · Deal announced · BACCU

Blue Acquisition Corp

Business combination with Blockfusion USA, Inc.

Blue Acquisition Corp (BACCU) is a blank-check company (SPAC) that raised $175M in its initial public offering on Jun 13, 2025, listing on Nasdaq Global Market. It agreed to combine with Blockfusion USA, Inc., announced on Nov 19, 2025, at a stated value of $450M. The deal has not closed yet. Ellenoff Grossman & Schole advised the SPAC and Loeb & Loeb advised the underwriters on the IPO.

Blockfusion USA is a bitcoin mining company transitioning to become a high-performance compute and AI data center operator. It is the target of a proposed business combination with Blue Acquisition Corp.

Status
Deal announced
Ticker
BACCU
IPO date
Jun 13, 2025
IPO size
$175M
IPO exchange
Nasdaq Global Market
Target
Blockfusion USA, Inc. (Blockfusion Data Centers)
Target sector
Crypto/Digital assets
Announced
Nov 19, 2025
Stated deal value
$450M
Combined company
Blockfusion Digital Infrastructure, Inc.
SPAC counsel (IPO)
Ellenoff Grossman & Schole and Appleby
Underwriters' counsel (IPO)
Loeb & Loeb

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