secwatch.observer — SEC 8-K summary
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Issuer:     Blue Acquisition Corp/Cayman (BACC)
CIK:        0002059654
Form:       8-K
Filed at:   2026-06-30T12:02:24+00:00
Accession:  0001185185-26-002723
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2059654/000118518526002723/0001185185-26-002723-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2059654/000118518526002723/bacc8k425062926.htm
  HTML page:      https://secwatch.observer/filing/0001185185-26-002723

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