04:12 AM EDT, 06/13/2025 (MT Newswires) -- Blue Acquisition (BACC) said late Thursday it priced its initial public offering of 17.5 million units at $10 each.
The blank-check company has granted the underwriters a 45-day overallotment option to purchase up 2.65 million additional units.
Each unit consists of one class A share and one right to receive one-tenth of a share upon the consummation of an initial business combination.
Blue Acquisition said it expects the units to start trading on Nasdaq Global Market Friday under the ticker symbol BACCU, while its shares and rights are expected to be listed under the symbols BACC and BACCR, respectively.
The company expects the offering to close Monday.