Blue Acquisition Corp/Cayman

Ketan Seth resigned as Chief Executive Officer and a director of Blue Acquisition Corp on June 9, 2026, effective immediately, citing family reasons and no disagreement with the company. Concurrently, the board of directors appointed David Bauer, the company's current Chief Financial Officer, to also serve as the interim Chief Executive Officer.

Blue Acquisition Corp (BACC) reported a net income of $1,114,164 for the three months ended March 31, 2026, primarily driven by $1,808,197 in income from its Trust Account. The company's cash and marketable securities in the Trust Account reached $207,450,297. BACC continues to pursue its business combination with Blockfusion USA, Inc., having recently amended the agreement. However, the company faces a working capital deficit of $1,091,349 and acknowledges liquidity needs, potentially relying on its Sponsor for support.

Blue Acquisition Corp., Blockfusion Data Centers, Inc., and Pubco entered into a Second Amendment to their Business Combination Agreement. This amendment modifies the terms of their previously announced merger. Key changes include increasing the post-closing incentive plan from 8% to 12% of Pubco Common Stock, amending the listing exchange requirements for Pubco Class A Common Stock, and extending the Outside Date for the transaction to July 31, 2026.