Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 176

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 176
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 equity holders
of AleAnna Energy rolled 100% of their equity interests into the combined company. Prior to the execution of the Merger Agreement, AleAnna
Energy’s equity holders contributed over $60 million in cash, bringing the company’s total cumulative investment to nearly $175 million.
This investment covered expenses related to the business combination and provided funding for general corporate liquidity. As of the
transaction close, AleAnna had approximately $28 million in cash and cash equivalents on its balance sheet and no debt.

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Prior to the extraordinary
general meeting of Swiftmerge shareholders to approve the business combination and other related matters, holders of 1,158,556 Swiftmerge’s
Class A ordinary Shares sold in Swiftmerge’s initial public offering properly exercised their right to have their shares redeemed
for a pro rata portion of the trust account holding the proceeds from Swiftmerge’s initial public offering, calculated as of two
business days prior to the closing. As a result, on December 13, 2024, prior to the domestication, Swiftmerge redeemed 1,158,556 Class
A ordinary shares, approximately 16.9% of the shares entitled to vote upon the business combination,for $11.39 per share.

Following the closing, AleAnna was organized in an “up-C” structure, such that AleAnna, the Surviving Pubco, and its subsidiaries hold and operate substantially all of the assets and business of AleAnna Energy, and AleAnna is a publicly listed holding company that holds equity interests in AleAnna Energy through HoldCo.

On December 16, 2024, AleAnna’s Class A common stock and warrants commenced trading on the Nasdaq Capital Market under the symbols “ANNA” and “ANNAW,” respectively.

From June 17, 2023 to March 15, 2024 -- holders of 20,253,090 Class A ordinary shares, approximately 71.9% of the shares entitled to vote on the extension, approximately 13.1% of the shares entitled to vote on the extension, properly exercised their right to redeem their shares for cash at a redemption price of approximately $10.40 per share, for an aggregate redemption amount of approximately $210.6 million.

From March 15, 2024 to June 17, 2025 -- holders of 1,031,997 Class A ordinary shares, approximately 71.9% of the shares entitled to vote on the extension, properly exercised their