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

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 25
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 of intent for a potential business combination.Under
the terms of the letter of intent, iRocket and BPGC would become a combined entity, with iRocket’s existing shareholders exchanging
their shares in iRocket for equity in the combined public company. The letter of intent contemplates a pre-money equity value of iRocket
of $400 million, before potential earnouts based on share price performance. The parties will announce additional details regarding the
proposed business combination when a definitive agreement is executed, which is expected to occur in the summer of this year, with a
closing anticipated before year end. No assurances can be made that the parties will successfully negotiate and enter into a definitive agreement, or that the proposed transaction will be consummated on the terms or timeframe currently contemplated, or at all. Any transaction would be subject to the completion of due diligence, the negotiation of a definitive agreement providing for the proposed business combination, satisfaction of the conditions negotiated therein, board and equity holder approval, regulatory approvals, and other customary conditions.

From September 16, 2024 to March 16, 2026 -- holders of 2,512,919Class A ordinary shares, approximately 22.25% of the shares entitled to vote on the extension, properly exercised their right to redeem their shares for cash at a redemption price of $11.49797361 per share, for an aggregate redemption amount of approximately $28,893,476.

Quinpario Acquisition Corp.

Mr. Qureshi was Vice President and Chief
Strategy Officer of Quinpario Acquisition Corp. (“Quinpario”), a special purpose acquisition company, from May 13, 2013 until
June 30, 2014. On August 14, 2013, Quinpario consummated its initial public offering of 17,250,000 units (consisting of one share
of common stock and one warrant to purchase one share of common stock), generating gross proceeds of $172,500,000. A total of $177,075,000
of the net proceeds from the initial public offering and the simultaneous private placement of 1,150,000 private placement units (substantially
the same as the units sold in the initial public offering) were placed in a trust account established for the benefit of Quinpario’s
public stockholders. Quinpario’s public units, common stock and warrants were listed on The Nasdaq Capital Market under the ticker
symbols QPACU,