Latest Quarterly Report
Filed: 2026-05-11
Key Insights
- Blue Acquisition Corp remains a shell company as of March 31, 2026, still searching for a business combination partner, indicating the SPAC has not yet completed its primary objective despite being operational for over a year since inception in February 2025.
- The company has a Blockfusion Business Combination agreement dated November 19, 2025, with two amendments (March 19, 2026 and May 6, 2026), suggesting active negotiations and deal progress, though the combination has not yet closed as of the Q1 2026 filing date.
- Blue Acquisition Corp is classified as a non-accelerated filer, smaller reporting company, and emerging growth company, indicating it is a relatively early-stage SPAC with limited financial scale and operational complexity.
- The company has 20.9 million Class A Ordinary Shares and 7.1 million Class B Ordinary Shares outstanding, with trust account funds designated for the business combination or return to public shareholders if the combination fails to close within the deadline (March 16, 2027).