Tiger Brokers

Blue Acquisition amends Blockfusion deal to raise post-closing incentive plan to 8%

Reuters
Mar 20
Blue Acquisition amends Blockfusion deal to raise post-closing incentive plan to 8%
  • A business combination agreement would result in Blue and Blockfusion becoming wholly owned subsidiaries of Blockfusion Data Centers, with Blockfusion Data Centers becoming publicly traded.
  • An amendment increased the post-closing incentive plan to 8% of Blockfusion Data Centers common stock outstanding immediately after closing, from 5%.
  • The same amendment expanded the post-closing board to nine members, from seven.


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