Blue Acquisition Corp. Achieves Successful Initial Public Offering Worth Over $200 Million
Blue Acquisition Corp. Achieves Successful IPO
Blue Acquisition Corp., the blank check company based in Newport Beach, California, has announced the successful closing of its initial public offering (IPO), which raised a total of $201,250,000. The IPO, which involves the sale of 20,125,000 units priced at $10.00 per unit, also included a full over-allotment option exercised by underwriters that added an additional 2,625,000 units to the offering.
The units commenced trading on June 13, 2025, on the Nasdaq Global Market under the ticker symbol BACCU. Each unit is comprised of one Class A ordinary share and a Share Right, which entitles holders to receive one-tenth of a Class A ordinary share following a successful business combination.
The proceeds from the IPO, along with a concurrent private placement, have been deposited into a trust account specifically for the purpose of identifying and securing business combinations in high-potential industries. Blue Acquisition Corp. aims to focus its efforts on sectors that align with green energy initiatives and sustainable practices, including but not limited to manufacturing and data centers. The company also emphasizes its interest in software development within emerging technologies such as AI, cybersecurity, and energy management.
The management team spearheading Blue Acquisition Corp. consists of notable figures including Ketan Seth, the Chief Executive Officer, and David Bauer, the Chief Financial Officer. The Board of Directors boasts the experience of General (Ret.) Wesley Clark and other prominent members, reflecting the company’s commitment to strong leadership and strategic direction. Glenn Hill, Mina Janeska, and Francisco de Borbon Graf von Hardenberg serve as Special Advisors to help guide the company's vision and execution.
BTIG, LLC acted as the sole book-running manager for the IPO, with Roberts Ryan, Inc. serving as co-manager. According to the company, the offering received the necessary approvals, as detailed in a registration statement declared effective by the U.S. Securities and Exchange Commission (SEC) on June 12, 2025.
The company emphasized that while it has generated substantial interest, the path forward is filled with uncertainties. Statements made in the release highlight the company’s intent to use the IPO proceeds primarily for strategic business acquisitions, yet they caution that actual results may differ owing to various risks inherent in startup ventures associating with market conditions and business combinations.
As Blue Acquisition Corp. charts its course in the public finance sector, it underscores its dedication to shaping the future of industries that prioritize sustainability and technological advancement, signaling to potential investors the dual promise of profitability and responsibility.
For any inquiries regarding investor relations, stakeholders may contact Blue Acquisition Corp. directly at its Newport Beach office.
Contact Information
Blue Acquisition Corp
1601 Anita Lane
Newport Beach, CA 92660-4803
Attention: Ketan Seth, CEO
Email: contact@blueacquisition.com
Phone: (646) 543-5060
Topics Financial Services & Investing）
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