PRESS RELEASE
27 November 2025

Appleby Advises Blue Acquisition Corp. In Its Definitive Business Combination Agreement With Blockfusion USA, Inc. With A Transaction Value Of USD450M

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Appleby

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Appleby is one of the world’s leading offshore law firms, operating in 10 highly regarded and well-regulated locations. We provide comprehensive, expert advice and services across a number of key practice areas. We work with our clients to achieve practical solutions whether from a single location or across multiple jurisdictions.
Appleby is pleased to announce that it has acted as Cayman Islands legal counsel to Blue Acquisition Corp. in connection with its definitive business combination with Blockfusion USA, Inc.
Cayman Islands

Upon the closing of the business combination, the post-closing entity will be named Blockfusion Data Centers, Inc., and its securities are expected to be listed on The Nasdaq Stock Market LLC.

Appleby acted as legal advisor on the Cayman Islands aspects of the transaction, drawing on its extensive experience in cross-border SPAC mergers and capital markets transactions.

The team was led by Counsel Alexandra Low, with Partner Simon Raftopoulos, and other members of the corporate team.

This transaction continues Appleby’s market leading track record advising on high-profile de-SPAC combinations and capital markets transactions.

Contributor

Appleby is one of the world’s leading offshore law firms, operating in 10 highly regarded and well-regulated locations. We provide comprehensive, expert advice and services across a number of key practice areas. We work with our clients to achieve practical solutions whether from a single location or across multiple jurisdictions.

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