Blue Acquisition Corp. amends BCA; Blockfusion secures anchor lease LOI for 300 MW, $175M convertible note financing

Blue Acquisition Corp/Cayman

Third Amendment adds earnout of up to 9.25M Pubco shares based on price targets; board reduced from 9 to 7.
Non-binding LOI with leading AI customer for up to 300 MW, 85 MW guaranteed take-or-pay for 15 years; est. $2.8B revenue over 15 years.
Term sheet for $175M convertible note financing anchored by Sona Asset Management; conversion at premium to business combination valuation.
Non-redemption agreement with Sona for ~$33M (3.3M shares) to support closing of Business Combination.
Exclusivity agreement for expansion of Niagara Falls campus to support >300 MW total critical IT capacity.

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