Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 21

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 21
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 shares becoming exercisable by its terms to purchase an equal number of shares 
 of Class A common stock; and (v) a series Class common stock being authorized, each share of which  having voting              
 rights equal to a share of Class A common stock but without entitlement to earnings or distributions of AleAnna;               |

| ● | following the domestication but prior to the merger,                                                                         
 (i) AleAnna Energy contributed to HoldCo (a) all of its assets (excluding its interests in HoldCo), including its Available  
 Cash (as defined in the Merger Agreement), and (b) a number of shares of Class C common stock equal to the number of Class C 
 HoldCo Units designated to be issued to the AleAnna Energy Members, and (ii) HoldCo issued to AleAnna a number of Class A    
 HoldCo Units which equaled the number of shares of Class A common stock issued and outstanding immediately after the closing 
 (the transactions described in clauses (b) (i) and (ii) above, collectively, the “Pre-Closing Contribution”);                
 and                                                                                                                          |

| ● | following the Pre-Closing Contribution, Merger                                                                                    
 Sub merged with and into AleAnna Energy, with AleAnna Energy being the surviving company and a wholly-owned subsidiary of HoldCo. 
 Each AleAnna Energy Member received its pro rata portion of 65,098,476 shares of a combination of (i) 39,104,076 shares           
 of  Class A common stock and (ii) 25,994,400 shares of Class C common stock (with one Class C HoldCo Unit to accompany            
 each share of Class C common stock) in the merger.                                                                                |

Former equity holders of AleAnna Energy rolled 100% of their equity interests into the combined company. Prior to the execution of the Merger Agreement, AleAnna Energy’s equity holders contributed over $60 million in cash, bringing the company’s total cumulative investment to nearly $175 million. This investment covered expenses related to the business combination and provided funding for general corporate liquidity. As of the transaction close, AleAnna had approximately $28 million in cash and cash equivalents on its balance sheet and no debt. Prior to the extraordinary general meeting of Swiftmerge shareholders to approve the business combination and other related matters, holders of 1,158,556 Swiftmerge’s Class A ordinary Shares sold in Swiftmerge’s initial public offering properly exercised their right to have their shares redeemed for a pro rata portion of the trust account holding the proceeds