Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 178

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 178
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 correctional customers.

At the closing of the merger, the following
consideration was paid by Argyle to the stockholders of ISI:

| ● | $18,600,000 in cash;                                                                                                               |
| ● | 1,180,000 shares of common stock of Argyle (valued at approximately $9,180,000); and                                               |
| ● | $1,925,000 of unsecured promissory notes convertible into shares of common stock of Argyle at a conversion price of $10 per share. |

In addition, the
merger consideration paid by Argyle also included (i) payment of up to $2.0 million to an entity created by two executive officers of
ISI in connection with the issuance of performance and payment bonds to ISI; and (ii) approximately $1.0 million in ISI transaction costs.
Argyle also assumed approximately $6.0 million of long-term debt, approximately $7.6 million outstanding pursuant to a $9.0 million line of credit, and $2.1 million of capitalized leases as of March 31, 2007.

On March 30, 2010, Argyle announced that it had voluntarily deregistered its common stock, warrants and units consisting of common stock and warrants and suspended its reporting obligations under the federal securities laws by filing a Form 15 with the U.S. Securities and Exchange Commission (“SEC”). Argyle was eligible to deregister these securities because it had fewer than 300 holders of record of each class of these securities.

There were no extensions.

211,965 shares, approximately 0.4% of the shares entitled to vote on the proposed ISI business combination, voted against the proposed ISI business combination and sought to be redeemed for cash. As a result, $1.7 million of net proceeds from the initial public offering which included interest was redeemed to stockholders in August 2007.

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Nadim Qureshi, independent director nominee

BPGC Acquisition Corp. (formerly known as Ross Acquisition Corp II)

Mr. Qureshi has been Chairman of the Board, Chief
Executive Officer and a director of BPGC Acquisition Corp. (formerly known as Ross Acquisition Corp II, or “RAC II”), a special
purpose acquisition company, since November 12, 2024 and prior thereto as Head of M&A since its inception in January 2021. On March
16, 2021 RAC II consumm