{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-25-001796","form_type":"8-K","ticker":"BACC","cik":"0002059654","company_name":"Blue Acquisition Corp/Cayman","filed_at":"2025-11-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.494468+00:00","generated_at":"2026-05-16T18:35:53.039383+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Blockfusion to go public via SPAC merger with Blue Acquisition at $450M pre-money equity value","bullets":["Pre-money equity value of $450M; enterprise value $480M; Blue Acquisition trust holds ~$204M.","Expected proceeds of $200M from trust retention and PIPE; closing targeted first half 2026.","Blockfusion's Niagara Facility currently 46 MW Tier 1; plans to expand to >100 MW Tier 3 for AI/HPC.","Projected 2028 revenue of $128M and EBITDA of $75M; 2030 revenue $209M and EBITDA $132M (cash-based, excl. capex).","Director nominee Aber Whitcomb (Core Scientific co-founder) expected to join post-closing board."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-25-001796","json":"https://secwatch.observer/filing/0001185185-25-001796.json","markdown":"https://secwatch.observer/filing/0001185185-25-001796.md","text":"https://secwatch.observer/filing/0001185185-25-001796.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2059654/000118518525001796/0001185185-25-001796-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2059654/000118518525001796/bacc8k425111225.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T18:35:53.039383+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}