Blue Acquisition Corp amends BCA to increase incentive plan to 8% and board to 9 members

Blue Acquisition Corp/Cayman

Post-Closing equity incentive plan increased from 5% to 8% of Pubco common stock outstanding.
Post-Closing PubCo board size increased from 7 to 9 members; 6 designated by Blockfusion, 2 by SPAC, 1 mutually agreed.
All other terms of the Business Combination Agreement remain unchanged as originally executed.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

Blue Acquisition Corp/Cayman amended First Amendment to the Business Combination Agreement with Blockfusion Data Centers, Inc. valued at Amendment to increase post-Closing incentive plan to 8% and board size to nine members (effective 2026-03-19).

Action: amendment
Agreement: merger
Counterparty: Blockfusion Data Centers, Inc.
Value: Amendment to increase post-Closing incentive plan to 8% and board size to nine members
Effective: 2026-03-19

Exact text from the filing

On March 19, 2026, Blue, Blockfusion, and Pubco entered into the First Amendment to the BCA (the “ First Amendment ”) to amend the BCA to: (i) increase the post-Closing incentive plan from five percent (5%) of the aggregate number of shares of Pubco Common Stock (as defined in the BCA) issued and outstanding immediately after the Closing to eight percent (8%) of the aggregate number of shares of Pubco Common Stock issued and outstanding immediately after the Closing, and (ii) increase the size of the Post-Closing Pubco Board from seven (7) members to nine (9) members.

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Source: SEC EDGAR

accession 0001185185-26-000991

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