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.

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