Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 31

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 31
---
 the Special Meeting to vote on the Nexeo Business Combination.

On June 9, 2016, in connection with the shareholder
vote to approve the Nexeo Business Combination, WLRH redeemed a total of 29,793,320 shares of its common stock, approximately 47.65%
of the shares entitled to vote, resulting in a total payment to redeeming stockholders of $298,465,296 ($10.02 per share).

<div align='center'>9</div>

Our Sponsor Our sponsor, Blue Holdings Sponsor LLC, is a Delaware limited liability company, which was recently formed in February 2025 to invest in our company. Although our sponsor is permitted to undertake any activities permitted under the Delaware Limited Liability Company Act and other applicable law, our sponsor’s business is focused on investing in our company. Blue Holdings Management LLC (“BHM”) is the managing member of our sponsor, and Ketan Seth, our Chief Executive Officer and a director of our Company, is the managing member of BHM. Mr. Seth, as the managing member of BHM, the managing member of our sponsor, holds voting and investment discretion with respect to the securities held of record by the sponsor. The non-managing sponsor investors have expressed an interest to purchase non-managing membership interests in our sponsor, reflecting interests in an aggregate of 314,750 of the 364,750 private placement units (or 341,000 private placement units of the 391,000 private placement units if the underwriters’ over-allotment option is exercised in full) to be purchased by our sponsor and an aggregate of 2,965,217 founder shares (or 3,410,000 if the underwriters’ over-allotment option is exercised in full), in a private placement that will close simultaneously with this offering. See “ Summary — The Offering — Private placement units and constituent securities.” In addition, each of Ketan Seth, our CEO, and David Bauer, our CFO, will receive an indirect interest in 75,000 founder shares, each of Dario Dino Ferrari, Nadim Qureshi, Dr. Kenneth Moritsugu and General (Ret.) Wesley Clark, our independent directors, will each receive an indirect interest in 50,000 founder shares, and each of Glenn Hill, Mina Janeska and Francisco de Borbon Graf von Hardenberg, our special advisors, will receive an indirect interest in 25,000 founder shares, through membership interests in BHM, but only Mr. Seth,