---
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"
generated_at: "2026-05-16T18:35:53.039383+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Blockfusion to go public via SPAC merger with Blue Acquisition at $450M pre-money equity value

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-25-001796
- JSON: https://secwatch.observer/filing/0001185185-25-001796.json
- Plain text: https://secwatch.observer/filing/0001185185-25-001796.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.