Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 175

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 175
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business combination as a result of which it acquired all of the outstanding shares of Jason Partners Holdings, Inc. (“JPHI”)
pursuant to a stock purchase agreement, dated as of March 16, 2014, for a purchase price of $538,650,000, funded by the cash proceeds
from Quinpario’s initial public offering, new debt and rollover equity invested by Jason’s former owners and management of
JPHI (collectively the “Rollover Participants”). JPIH was a global industrial manufacturing company operating the following
four businesses: finishing, seating, acoustics and components. Following the consummation of the business combination, Jason became an
indirect majority-owned subsidiary of Quinpario, with Quinpario owning approximately 81.8% of JPHI and the Rollover Participants owning
a noncontrolling interest of approximately 18.2% of JPHI. In connection with the closing of the business combination, Quinpario changed
its name to Jason Industries, Inc. (“Jason”), and its common stock and warrants commenced trading on Nasdaq under the symbols,
“JASN” and “JASNW”, respectively. Mr. Qureshi ceased to be an officer or director following the consummation
of the business combination. On July 1, 2017, The Nasdaq Stock Market LLC filed a Form 25 with the SEC terminating the listing of Quinpario’s
securities and registration under Section 12(b) of the Securities Exchange Act of 1934, as amended.

WL
Ross Holding Corp.

As
a Managing Director for WL Ross & Co. LLC, an affiliate of the sponsor of WL Ross Holding Corp., Mr. Qureshi supervised the Business
Combination of WL Ross Holding Corp. with Nexeo Solutions, Inc. and served as a board member of the combined company from 2016 to 2017.

<div align='center'>Our Sponsor</div>

Our sponsor 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 is the managing member of our sponsor, and Ketan Seth is the managing member of Blue Holdings Management
LLC. Mr. Seth, as the managing member of Blue Holdings