Press Articles
Blockfusion, Owner-Operator of a Strategically Located Clean Energy-Powered Data Center, to Go Public via Business Combination with Blue Acquisition Corp.
The surge in demand for HPC and AI compute is driving demand for data center capacity across the industry. Blockfusion's Niagara Facility has become a sought-after location for customers pursuing high-density HPC/AI deployments. Blockfusion is responding to this demand by upgrading and expanding an already powered and operational facility into a next-generation data center built for GPU-driven workloads.
Blue Acquisition Corp. Announces the Pricing of $175,000,000 Initial Public Offering
NEWPORT BEACH, Calif., June 12, 2025 /PRNewswire/ -- Blue Acquisition Corp. (the "Company") announced today the pricing of its initial public offering of 17,500,000 units at a price of $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market ("Nasdaq") and begin trading tomorrow, June 13, 2025, under the ticker symbol "BACCU." Each unit consists of one Class A ordinary share and one right (the "Share Right") to receive one tenth (1/10) of one Class A ordinary share upon the consummation of an initial business combination. There are no warrants issued publicly or privately in connection with this offering. Once the securities constituting the units begin separate trading, the Class A ordinary shares and Share Rights are expected to be listed on Nasdaq under the symbols "BACC" and "BACCR," respectively. The offering is expected to close on June 16, 2025, subject to customary closing conditions. The Company has granted the underwriters a 45-day option to purchase up to an additional 2,650,000 units at the initial public offering price to cover over-allotments, if any.
Blue Acquisition Corp. Completes $201,250,000 Initial Public Offering
NEWPORT BEACH, Calif., June 16, 2025 /PRNewswire/ -- Blue Acquisition Corp. (the "Company") (Nasdaq: BACCU) announced today the closing of its initial public offering of 20,125,000 units, which includes 2,625,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $201,250,000.
Blue Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Share Rights, Commencing August 4, 2025
NEWPORT BEACH, Calif., July 31, 2025 /PRNewswire/ -- Blue Acquisition Corp. (Nasdaq: BACCU) (the "Company") announced today that, commencing August 4, 2025, holders of the units sold in the Company's initial public offering may elect to separately trade the Company's Class A ordinary shares and rights included in the units. The Class A ordinary shares and rights that are separated will trade on the Nasdaq Global Market under the symbols "BACC" and "BACCR," respectively. Those units not separated will continue to trade on the Nasdaq Global Market under the symbol "BACCU."
