BACC
Blue Acquisition Corp.Financial Services·Asset Management
$10.41
$291M market cap
Revenue
$0.0M
Free Cash Flow
$-0.2M
Rev Growth
+0.0%
FCF Margin
0.0%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Blue Acquisition Corp. is a SPAC targeting mergers in green energy, AI, cybersecurity, manufacturing, and data centers. Units include one Class A ordinary share and one right to receive one-tenth share post-merger.
2-Year Price History
$10.35+3.2%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 0.0 | -0.7 | -0.7 | 1.1 | -0.2 | -0.2 | -0.0 | 207.8 | 0.0 | 20.1 | -- | -- | -- |
Valuation & Metrics
Market Stats
Price$10.41
Market Cap$291M
Enterprise Value$83M
P/S Ratio0.0x
P/FCF--
EV/FCF--
FCF Margin (TTM)0.0%
FCF Yield-0.1%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$0.0M
Net Income$1.1M
Free Cash Flow$-0.2M
Revenue Growth (YoY)+0.0%
EBITDA Margin0.0%
Net Margin0.0%
FCF Margin0.0%
CapEx % of Revenue0.0%
SBC % of Revenue0.0%
ROIC--
WC Change % Rev0.0%
Interest Coverage--
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover1.0
Change (vs Prior)+215.1%
Need at least 2 settlement dates for chart
Employees
Headcount2
Revenue / Employee$0
Gross Profit / Employee$0
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
66.9%(+11.4% YoY)
49 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
0.0%(+0.0% YoY)
0 filers
Vanguard, iShares, SPDR
Market makers
0.0%(-0.5% YoY)
0 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| SONA ASSET MANAGEMENT (US) LLC | $34.1M | $10.21 | +$14.1M | +$34.1M | -0.4% | $1.93B |
| LMR Partners LLP | $19.6M | $10.21 | +$3.7M | +$19.6M | -2.0% | $8.84B |
| TENOR CAPITAL MANAGEMENT Co., L.P. | $15.2M | $10.03 | +$1.8M | +$15.2M | +5.6% | $1.50B |
| Magnetar Financial LLC | $12.2M | $9.99 | +$0 | +$12.2M | -0.8% | $9.54B |
| D. E. Shaw & Co., Inc. | $10.1M | $9.99 | +$0 | +$10.1M | -0.3% | $118.02B |
| LINDEN ADVISORS LP | $7.9M | $10.00 | +$0 | +$7.9M | -7.0% | $1.89B |
| Alberta Investment Management Corp | $7.1M | $10.21 | +$0 | +$7.1M | -0.4% | $14.74B |
| Karpus Management, Inc. | $6.6M | $10.10 | −$66K | +$6.6M | -0.3% | $3.07B |
| Radcliffe Capital Management, L.P. | $5.3M | $10.01 | −$19K | +$5.3M | +3.9% | $1.33B |
| GLAZER CAPITAL, LLC | $5.1M | $10.02 | +$797K | +$5.1M | +8.8% | $4.51B |
| AQR Arbitrage LLC | $5.0M | $9.99 | −$204K | +$5.0M | -0.0% | $5.11B |
| DAVIDSON KEMPNER CAPITAL MANAGEMENT LP | $4.7M | $10.21 | +$0 | +$4.7M | +0.9% | $2.68B |
| BERKLEY W R CORP | $4.5M | $10.03 | +$1.3M | +$4.5M | +0.3% | $1.86B |
| Lineage Point Capital LP | $4.4M | $10.21 | +$0 | +$4.4M | +5.2% | $409M |
| MOORE CAPITAL MANAGEMENT, LP | $4.1M | $9.99 | +$0 | +$4.1M | +2.3% | $2.52B |
| RLH Capital LLC | $3.8M | $10.21 | +$3.8M | +$3.8M | — | $197M |
| MILLENNIUM MANAGEMENT LLC | $3.6M | $9.99 | −$284K | +$3.6M | -0.5% | $127.40B |
| Polar Asset Management Partners Inc. | $3.1M | $9.99 | +$0 | +$3.1M | +1.8% | $3.16B |
| Verition Fund Management LLC | $2.8M | $10.05 | −$1.0M | +$2.8M | -0.4% | $9.73B |
| MMCAP International Inc. SPC | $2.6M | $9.99 | +$0 | +$2.6M | -3.5% | $1.16B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
+0.38%
avg per quarter
Holders (ex-self)
+0.39%
excl. this stock
Buyers (this Q)
-0.04%
19 buyers · $0.03B in
Sellers (this Q)
-0.44%
8 sellers · $0.01B out
alpha coverage: 97% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-5.6%
how holders react when this stock falls
On quiet Qs
-4.7%
−10% to +10% baseline
On rallies (+10%+)
-16.5%
how they react when this stock rises
Holders' portfolio flow this Q
+1.8%
inflows — adds are organic
Sellers' portfolio flow this Q
-9.0%
Sellers shed AUM broadly — partly forced.
Biggest decreases this quarter
TWO SIGMA INVESTMENTS, LPexited−$6.5MRIVERNORTH CAPITAL MANAGEMENT, LLCexited−$3.5MGovernors Lane LPexited−$3.1MCentiva Capital, LPexited−$3.1MBulldog Investors, LLCexited−$3.0MVerition Fund Management LLC−$1.0Mα-0.4FNY Investment Advisers, LLCexited−$1.0MVirtu Financial LLCexited−$678KBOOTHBAY FUND MANAGEMENT, LLCexited−$464KMILLENNIUM MANAGEMENT LLC−$284Kα-0.5
New buyers this quarter
Top-5 holders · 47.1%
SONA ASSET MANAGEMENT (US) LLC--
LMR Partners LLP--
TENOR CAPITAL MANAGEMENT Co., L.P.--
Magnetar Financial LLC--
D. E. Shaw & Co., Inc.--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
SONA ASSET MANAGEMENT (US) LLC3.3MLMR Partners LLP1.9MTENOR CAPITAL MANAGEMENT Co., L.P.1.5MWestchester Capital Management, LLC247KMagnetar Financial LLC1.2MD. E. Shaw & Co., Inc.988KLINDEN ADVISORS LP775KAlberta Investment Management Corp700KKarpus Management, Inc.646KTWO SIGMA INVESTMENTS, LP—
Corporate
Order Flow (FINRA, ~3w lag)
4.6%retail+6.7pp
8.1%dark-11.6pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Blue Acquisition Corp: Standard SPAC Dilution Masked by Substantial Doubt and Sponsor Overpayments
Overall Risk
7/10
Fraud
3/10
Dilution
8/10
Insolvency
9/10
Earnings Overstated
2/10
Hidden Liabilities
5/10
Legal
4/10
Audit Warnings
8/10
Hidden Upside
2/10
Contextually Acceptable
6/10