SCHEDULE: Westchester Capital Group Discloses 6.93% Stake in Blue Acquisition

Westchester Capital Management, LLC and affiliated entities have reported a combined beneficial ownership of 6.93% of Blue Acquisition Corp/Cayman's Class A ordinary shares.

Summary

• Westchester Capital Management, LLC, Westchester Capital Partners, LLC, Virtus Investment Advisers, LLC, and The Merger Fund (collectively, "Reporting Persons") have filed a Schedule 13G.
• The filing reports beneficial ownership of Class A ordinary shares of Blue Acquisition Corp/Cayman, with a par value of $0.0001 per share.
• Westchester Capital Management, LLC beneficially owns 1,448,128 shares, representing 6.93% of the class.
• Virtus Investment Advisers, LLC beneficially owns 1,366,359 shares, representing 6.54% of the class.
• The Merger Fund beneficially owns 1,337,292 shares, representing 6.40% of the class.
• Westchester Capital Partners, LLC beneficially owns 1,872 shares, representing 0.01% of the class.
• The ownership percentages are based on 20,892,250 Class A ordinary shares outstanding as of August 12, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q.
• The reported Class A ordinary shares include shares held in the form of units, where each unit consists of one Class A ordinary share and one right to receive one-tenth (1/10) of a Class A ordinary share upon the consummation of an initial business combination.
• The Reporting Persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: Neutral, as this is a factual disclosure of beneficial ownership and does not contain performance or operational updates from the issuer.

Future Outlook

NA

Industry Context

This filing reflects a significant passive investment by several investment advisory firms and a fund in Blue Acquisition Corp/Cayman, which appears to be a Special Purpose Acquisition Company (SPAC) or similar entity given the reference to 'initial business combination' in the description of its units. Such Schedule 13G filings are standard disclosures for institutional investors taking substantial, non-controlling positions in publicly traded companies.

Stakeholder Impact

• Shareholders: The disclosure of significant institutional ownership by reputable investment firms may provide a degree of confidence and stability to the shareholder base.
• Management: Awareness of a substantial passive stake held by institutional investors may influence management's strategic considerations, though the filing explicitly states no intent to influence control.

Key Dates

Keywords

Blue Acquisition Corp, Westchester Capital Management, Virtus Investment Advisers, The Merger Fund, Schedule 13G, Beneficial Ownership, Class A ordinary shares, Investment Adviser, Passive Investment