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
More on this SPAC for subscribers
- Trust balance and value per share
- Analyst notes from the filings
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Filings
- IPO prospectus (424B4) Jun 13, 2025
- Deal announcement (8-K) Nov 19, 2025
- Press release
- All filings on EDGAR CIK 2059654
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