Blue Acquisition Corp. closes $201.25M IPO and $5.92M private placement; trust funded

Blue Acquisition Corp/Cayman

IPO of 20,125,000 units at $10.00/unit, including full overallotment, gross proceeds $201.25M.
Private placement of 592,250 units at $10.00/unit to sponsor and underwriters, gross $5.92M.
Total $201.25M placed in trust account; audited balance sheet shows $202.9M assets, $5.69M deficit.
Auditor notes substantial doubt about going concern due to expected high costs and limited resources.

item 8.01item 9.01

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