Blue Acquisition Corp. · NASDAQ (us_market)
Financial Services · Shell Companies · United States
Blue Acquisition Corp. does not have significant operations. It intends to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2025 and is based in Newport Beach, California.
No qualifying bottom-picking events since 2020.
No scored news yet for a sentiment trend.
(Reuters) -Data center operator Blockfusion said on Wednesday it would list in the United States through a merger with blank-check firm Blue Acquisition Corp in a deal valued at $450 million, as investor appetite for the sector continues to surge. Special purpose acquisition companies have re-emerged this year after a prolonged lull, with prominent investors and financial firms once again embracing the vehicles as an alternative path to access public markets. A SPAC is a shell company that raises capital through an initial public offering and later merges with a private business, offering it a shortcut to the public markets without a conventional IPO.
(Reuters) -Data center operator Blockfusion said on Wednesday it would list in the United States through a merger with blank-check firm Blue Acquisition Corp in a deal valued at $450 million, as investor appetite for the sector continues to surge. Special purpose acquisition companies have re-emerged this year after a prolonged lull, with prominent investors and financial firms once again embracing the vehicles as an alternative path to access public markets. A SPAC is a shell company that raises capital through an initial public offering and later merges with a private business, offering it a shortcut to the public markets without a conventional IPO.
Blockfusion USA, Inc. ("Blockfusion" or the "Company"), a data center infrastructure company, and Blue Acquisition Corp. (Nasdaq: BACC) ("Blue Acquisition"), a publicly traded special purpose acquisition company, today announced that the companies have entered into a definitive business combination agreement (the "Business Combination Agreement"), dated as of November 19, 2025. Upon consummation, if any, of the transaction (the "Closing"), Blockfusion's business will be operated by the surviving
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
| 30d | 90d | YTD | 1y | |
|---|---|---|---|---|
| BACC | +1.36% | +2.31% | +2.01% | — |
| XLF | -0.65% | +0.55% | -5.82% | +1.22% |
| Alpha (stock − sector) | +2.02% | +1.76% | +7.83% | — |
| Fund | Style | Shares | Value | % of Port | Change vs. last quarter | Period |
|---|---|---|---|---|---|---|
| DEShaw | quant | 988.1K | $10.09M | 0.01% | Unchanged | 2026-03-31 |