Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 180

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 180
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Each unit consisted of one Class A ordinary share and one-half of
one redeemable warrant. On January 18, 2022, the underwriter partially exercised its over-allotment option, resulting in 2,500,000 additional units being sold at a purchase price of $10.00 per unit, generating gross proceeds of approximately $25 million. Simultaneously with the closing of the initial public offering, Swiftmerge consummated the private placement of 8,600,000 private placement warrants, at a purchase price of $1.00 per private placement warrant with it sponsor and certain qualified institutional buyers or accredited investors, generating gross proceeds of approximately $8.6 million. On January 18, 2022, following the underwriter’s exercise of the over-allotment option, the sponsor purchased from Swiftmerge an additional 750,000 private placement warrants at a purchase price of $1.00 per private placement warrant.Swiftmerge’s units, Class A ordinary shares
and warrants were each listed and traded on the Nasdaq Global Market under the symbols “IVCPU,” “IVCP” and “IVCPW,”
respectively.

On December 13, 2024 Swiftmerge and AleAnna
Energy LLC (“AleAnna Energy”), an energy company in Italy, consummated a business combination pursuant to that certain Agreement
and Plan of Merger (as amended by that certain First Amendment to the Merger Agreement, dated as of October 8, 2024, the “Merger
Agreement”), dated June 4, 2024, by and among Swiftmerge, Swiftmerge HoldCo LLC, a Delaware limited liability company and wholly-owned
subsidiary of Swiftmerge (“HoldCo”), Swiftmerge Merger Sub LLC, a Delaware limited liability company and wholly-owned subsidiary
of HoldCo (“Merger Sub”) and AleAnna Energy. The closing price of a Class A ordinary share of Swiftmerge on Nasdaq on June
4, 2024, the trading day immediately preceding the announcement of the proposed merger, was $10.87 per share.

The business combination included, among other things:

| ● | (i) Swiftmerge undergoing the domestication                                                                                    
 pursuant to which it reincorporated as a Delaware corporation and changing its name to “AleAnna, Inc.” (“AleAnna”);            
 (ii) each Swiftmerge Class A ordinary share converting into one share of Class A common stock; (iii) each Swiftmerge           
 Class B ordinary share converting into