Blue Acquisition Corp (NASDAQ: BACC) is a blank check special purpose acquisition company incorporated on February 10, 2025, as a Cayman Islands exempted company, formed for the sole purpose of effecting a business combination with one or more businesses or entities. It has generated no operating revenues as of the fiscal year ended December 31, 2025, and does not expect to generate operating revenues until it consummates an initial business combination. The company completed its IPO on June 16, 2025, selling 20,125,000 Public Units at $10.00 per unit, including 2,625,000 units issued on full exercise of the over-allotment option, generating gross proceeds of $201,250,000. Each Public Unit consists of one Class A Ordinary Share and a right to receive one-tenth of one Class A Ordinary Share upon consummation of a business combination. Units began trading on the Nasdaq Global Market on June 13, 2025, with Class A Ordinary Shares and Rights trading separately from July 31, 2025. The company has disclosed a target business combination referred to as the Blockfusion Business Combination.

Revenue model

No operating revenues as of fiscal year ended December 31, 2025. Capital is held in trust from the IPO proceeds of $201,250,000, pending consummation of an initial business combination.

Products and services

Public Units consisting of Class A Ordinary Shares and rights to receive one-tenth of one Class A Ordinary Share upon business combination consummation. Private Placement Units sold concurrently with the IPO.

Customers and end markets

Public investors who purchased units in the IPO. No identified end-market customers, as the company has no operating business as of December 31, 2025.

Value-chain role

Special purpose acquisition company (SPAC) serving as a capital aggregation vehicle to identify and merge with a private operating business.

Geographic exposure

Incorporated in the Cayman Islands. Listed on the Nasdaq Global Market. No operating geographic exposure disclosed as of December 31, 2025.

Source: SEC 10-K, filed 2026-02-19

Industry: Blank Checks