Watch for the shareholder vote on the Business Combination; the earnout structure aligns Blockfusion holders to post-combination stock performance. Monitor for any further amendments or redemptions ahead of the extraordinary general meeting.
Price Chart
Executive Summary
Blue Acquisition Corp. entered into the Sixth Amendment to its Business Combination Agreement with Blockfusion Digital Infrastructure, increasing the maximum earnout shares to 15,000,000 with VWAP-based price targets of $13.00, $15.00, and $17.00 per share, and replacing the existing CoreWeave Warrant with a new Pubco warrant exercisable for 2,870,813 shares at $7.4643 per share. This is a routine amendment to an ongoing SPAC merger, adjusting earnout mechanics and warrant treatment without changing the overall deal economics.
Key Financial Metrics
Key Facts
- Sixth Amendment to the Business Combination Agreement dated September 21, 2026
- Maximum earnout shares increased to 15,000,000 Pubco Class A common shares
- Earnout triggers: VWAP ≥ $13.00, $15.00, and $17.00 per share (20 of 30 trading days), each tranche 5,000,000 shares
- CoreWeave Warrant cancelled pre-closing; Pubco issues new warrant for 2,870,813 shares at $7.4643 per share
- CoreWeave, Inc. is a counterparty to the warrant and the CoreWeave Lease
Financial Impact
Up to 15,000,000 earnout shares contingent on post-closing stock price targets; no cash consideration changed
Risk Factors
- Business Combination may not close by deadline or at all
- Earnout shares are all-or-nothing; no partial awards for partial achievement
- CoreWeave Warrant cancellation and new warrant issuance creates potential dilution for existing shareholders
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001185185-26-004183 |
| Document: baccex2-1.htm | 0001185185-26-004183 |
| Document: 0001185185-26-004183-index-headers.html | 0001185185-26-004183 |
| Document: 0001185185-26-004183-index.html | 0001185185-26-004183 |
| Document: 0001185185-26-004183.txt | 0001185185-26-004183 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 2d ago | DEFM14A | $10.46 | awaiting T+5 | — | $10.48 (+0.14%) |
Sep 25, 2026 4w ago | 425 | $10.50 $10.49 | ▼ −0.05% | ▲ +0.17% | $10.48 (−0.19%) |
Sep 25, 2026 4w ago | 8-K | $10.50 $10.49 | ▼ −0.05% | ▲ +0.17% | $10.48 (−0.19%) |
Sep 21, 2026 4w ago | 425 | $10.50 $10.48 | ▼ −0.19% | ▲ +1.00% | $10.48 (−0.24%) |
Sep 21, 2026 4w ago | 8-K | $10.50 $10.48 | ▼ −0.19% | ▲ +1.00% | $10.48 (−0.24%) |
Sep 16, 2026 5w ago | 425 | $10.60 $10.50 | ▼ −0.94% | ▼ −1.79% | $10.48 (−1.18%) |
Sep 2, 2026 7w ago | 425 | $10.49 $10.50 | ▲ +0.10% | ▲ +1.24% | $10.48 (−0.14%) |
Sep 2, 2026 7w ago | 8-K | $10.49 $10.50 | ▲ +0.10% | ▲ +1.24% | $10.48 (−0.14%) |
Jun 30, 2026 16w ago | 425 | $10.60 $10.91 | ▲ +2.92% | ▲ +2.32% | $10.48 (−1.18%) |
Jun 30, 2026 16w ago | 8-K | $10.60 $10.91 | ▲ +2.92% | ▲ +2.32% | $10.48 (−1.18%) |
US Market Status
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