Blockfusion to list in New York via $450 million SPAC deal
Teona Gherasim
Data center operator Blockfusion said on Wednesday it would list in the United States through a merger with blank-check firm Blue Acquisition Corp in a deal valued at $450 million, as investor appetite for the sector continues to surge. Special purpose acquisition companies have re-emerged this year after a prolonged lull, with prominent investors and financial firms once again embracing the vehicles as an alternative path to access public markets. A SPAC is a shell company that raises capital
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