Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 183

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 183
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contemplated by the Nexeo Merger Agreement and in connection with the Nexeo Business Combination, all 22,400,000 of WLRH’s private
placement warrants issued to WLRS at the time of WLRH’s IPO were exchanged by WLRS for 2,240,000 shares of WLRH’s common
stock (“Exchange Shares”), reflecting an exchange ratio of 0.10 shares of common stock for each private placement warrant
(the “Private Placement Warrant Exchange”).

In addition, immediately prior to closing,
WLRH issued 23,492,306 shares of its common stock (the “Private Placement Shares”), at a purchase price of $10.00 per share
and an aggregate purchase price of $234.9 million, to certain investors, including WLRS (the “Private Placement Investors”),
pursuant to the terms of certain subscription agreements entered into with such Private Placement Investors. Pursuant to the Subscription
Agreement with First Pacific Advisors, LLC, on behalf of certain clients (“FPA”), one of the Private Placement Investors,
WLRS transferred to (i) FPA 2,509,819 founder shares and (ii) WLRS Fund I, LLC, a Delaware limited liability company formed
by WLRS and in which FPA would beneficially own a 99.9% economic interest, an additional 1,256,166 founder shares and 225,533 Exchange
Shares.

In connection with the Nexeo Business
Combination, WLRH entered into commitment agreements with each of FPA, Park West Investors Master Fund, Ltd.
(“PWIMF”) and Park West Partners International, Ltd. (“PWPI”), pursuant to which the FPA, PWIMF and
PWPI agreed not to redeem, or agreed to purchase from redeeming stockholders and withdraw from redemption, an aggregate of 5,094,727
shares of WLRH common stock. Pursuant to the commitment agreements, WLRS transferred to (i) FPA 431,877 founder shares and
25,847 Exchange Shares, (ii) PWIMF 543,061 founder shares and 32,501 Exchange Shares and (iii) PWPI 75,460 founder shares
and 4,516 Exchange Shares. WLRH also entered into subscription agreements with certain of its advisors (the “Advisors”)
pursuant to which such Advisors agreed to accept 3,078,578 shares of WLRH common stock (