M&A
confidence high
sentiment neutral
materiality 0.60
Blue Acquisition Corp. amends BCA with Blockfusion: adds earnout of up to 9.25M shares, reduces board to 7
Blue Acquisition Corp/Cayman
- Third Amendment adds earnout of up to 9,250,000 Pubco Class A shares to Blockfusion stockholders, contingent on stock price targets from $15 to $35 per share over 36 months post-closing.
- Earnout shares issued in five tranches of 1,850,000 each upon achieving VWAP targets; 10% may be assigned to third parties assisting AI/HPC transition.
- Post-closing Pubco board of directors reduced from 9 to 7 members.
- Other terms of the Business Combination Agreement remain unchanged; amendment filed to correct prior Exhibit 2.1.