Blue Foundry Completes Merger With Fulton and Dissolves

Blue Foundry ( (BLFY) ) has provided an update.

On April 1, 2026, Blue Foundry completed its merger with Fulton, with each share of Blue Foundry common stock converted into the right to receive 0.650 of a Fulton common share plus cash in lieu of fractional shares, and all outstanding Blue Foundry equity awards either cashed out or converted into the merger consideration. The transaction resulted in the issuance of roughly 12.4 million Fulton shares to former Blue Foundry investors, the delisting of Blue Foundry stock from Nasdaq, the termination of its SEC registration and reporting obligations, the cessation of its directors’ service, and Blue Foundry’s legal dissolution as Fulton’s articles and bylaws remained in force for the combined entity.

The most recent analyst rating on (BLFY) stock is a Hold with a $13.50 price target. To see the full list of analyst forecasts on Blue Foundry stock, see the BLFY Stock Forecast page.

Spark’s Take on BLFY Stock

According to Spark, TipRanks’ AI Analyst, BLFY is a Neutral.

The score is driven primarily by weak fundamentals—ongoing net losses and volatile/negative operating cash flow—despite improving leverage and revenue growth. Technical signals are neutral, valuation is constrained by unprofitability (negative P/E), while the pending merger approvals provide a meaningful positive offset.

To see Spark’s full report on BLFY stock, click here.

More about Blue Foundry

Blue Foundry operated as a publicly traded financial institution whose common stock was listed on the Nasdaq Global Select Market. The company maintained an equity compensation plan for employees and executives and was ultimately merged into Fulton, which continues as the surviving corporate entity with its own articles of incorporation and bylaws.

Average Trading Volume: 343,280

Technical Sentiment Signal: Buy

Current Market Cap: $274.9M

For a thorough assessment of BLFY stock, go to TipRanks’ Stock Analysis page.