Recent Updates — BACC
Blue Acquisition Corp. entered into a Third Amendment to its Business Combination Agreement with Blockfusion Digital Infrastructure, Inc. to add an earnout provision for up to 9,250,000 shares of Pubco Class A common stock and reduce the post-closing board of directors from 9 to 7 members. The amendment also allows for 10% of earnout shares to be assigned to third parties supporting Blockfusion's transition to AI and HPC workloads. Blue Acquisition Corp. is a special purpose acquisition company (SPAC) focused on identifying a target for business combination.
Blue Acquisition Corp. entered into a Third Amendment to its Business Combination Agreement with Blockfusion Digital Infrastructure, Inc. to add an earnout provision for up to 9,250,000 shares of Pubco Class A common stock and reduce the post-closing board of directors from 9 to 7 members. The amendment includes a mechanism for issuing earnout shares in five tranches based on price targets over a 36-month period. Blue Acquisition Corp. is a special purpose acquisition company (SPAC) seeking a business combination.
Ketan Seth resigned as Chief Executive Officer and a director of Blue Acquisition Corp., effective June 9, 2026. The board of directors appointed current Chief Financial Officer David Bauer to serve as the Company's interim Chief Executive Officer. Blue Acquisition Corp. is a blank check company operating in the financial services sector.