Blue Acquisition Corp/Cayman 8K

Blockfusion and Blue Acquisition Corp. outlined key non-binding commercial and financing milestones—an anchor AI lease LOI, Niagara Falls campus expansion, a $175 million convertible note private placement and a non-redemption agreement—to support their pending SPAC business combination and initial data center build-out.

Blockfusion USA, Inc. and Blue Acquisition Corp. announced that, in connection with their previously disclosed business combination to form Blockfusion Digital Infrastructure, Inc., Blockfusion has entered into a non-binding letter of intent with a leading AI customer for up to 300 MW of data center capacity at its Niagara Falls, New York campus (anchored by 85 MW of 15‑year take‑or‑pay capacity with an estimated $2.8–$5.4 billion total potential lease revenue), signed an exclusivity agreement to secure additional land to support campus expansion beyond 300 MW, and agreed to non-binding term sheets for a $175 million private placement of convertible senior notes and a non-redemption agreement covering approximately $33 million of Blue’s SPAC trust shares, all of which are intended to provide contracted demand and financing to support the initial build-out and capitalization of the combined public company at closing, subject to definitive documentation and completion of the business combination and related conditions.

Filing Facts

CIK

2059654

Ticker

-

Form

8K

Source Type

sec

Accession

0001185185-26-002723

Alert Tier

8