Blue Acquisition Corp./Cayman

General Information
Business:

(Incorporated in the Cayman Islands)

We are a newly organized blank check company. We intend to focus on identifying a business combination target within a manufacturing company or data center that aligns with green energy initiatives and sustainable industrial practices, as well as software development in emerging technologies like AI, Cybersecurity and energy managementThe ideal target will leverage cutting-edge clean energy solutions to drive environmentally responsible production processes. We intend to predominantly focus on targets within the U.S. However, our search may expand to international markets.

The ultimate objective is to establish a self-sustaining industrial operation powered by onsite green energy generation, such as solar, wind or hydrogen-based systems. By overproducing energy, the expectation will be that the facility will not only meet its own operational needs but also contribute surplus energy to the broader market. This approach is expected to support the development of an eco-industrial park, fostering synergies among green industries and enhance energy security and reduce reliance on fossil fuels.

By seeking a business combination target with sustainable manufacturing and renewable energy generation, we intend to be poised to drive long-term value creation and advance climate-friendly industrialization. Further, we believe this approach will yield enhanced margins compared to either direct manufacturing from grid power or from direct energy generation alone as the company will be expected to be able to produce energy at lower cost and convert its low cost energy into a higher value product.

Ketan Seth, our CEO and a director, has 20 years of deal making experience in the tech sector as well as in the data centers space. He is the CEO of Vezbi, the first American Super App focused on FinTech and healthcare verticals both in the U.S. as well as Latin America.

David Bauer, our CFO and a director nominee, served as CEO and a director of Matters Media (now Engrost Inc.), a digital media properties and management firm, from 2015 to January 2025, where he led all operations and M&A activity for the holding company, including financial operations.

(Note: Blue Acquisition Corp./Cayman increased the size of its SPAC IPO to 17.5 million units – up from 15.0 million units initially – and kept the assumed IPO price at $10.00 per unit – to raise $175.0 million, according to its S-1/A filing dated June 2, 2025. Each unit consists of one Class A ordinary share and one right to receive one-tenth (1/10) of a share upon the consummation of an initial business combination. Background: Blue Acquisition Corp./Cayman filed its S-1 and disclosed the initial terms – 15.0 million units at $10.00 each to raise $150.0 million – on May 14, 2025.)

Industry: BLANK CHECKS
Employees: 0
Founded: 2025
Contact Information
Address 1601 Anita Lane Newport Beach CA, 92660-4803
Phone Number (646)-543-5060
Web Address
View Prospectus: Blue Acquisition Corp./Cayman
Financial Information
Market Cap $182.15mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol BACCU
Exchange NASDAQ
Shares (millions): 17.5
Price range $10.00 - $10.00
Est. $ Volume $175.0 mil
Manager / Joint Managers BTIG, LLC
CO-Managers
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change