Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 184

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 184
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the “”) to
settle the payment of an aggregate of $30.8 million in fees and disbursements outstanding and due to the Advisors by WLRH in
connection with services and work performed by the Advisors. In connection with the completion of the Nexeo Business Combination,
WLRS transferred 30,000 original founder shares to WLRH’s prior independent directors in connection with services
previously rendered to WLRH and 3,554,240 founder shares with a fair value of $30.2 million to the selling
equityholders. The 3,554,240 founder shares transferred to the selling equityholders was a component of the Nexeo Business
Combination purchase consideration and was recorded by WLRH as an equity contribution and included in the purchase
consideration.

As of the date of the closing, there were
(i) 89,222,418 shares of WLRH common stock outstanding, consisting of (a) 32,737,930 shares issued and outstanding prior to
the Nexeo Business Combination, including the founders shares, (b) the Stock Consideration, (c) the shares of common stock
issued in connection with the Private Placement Warrant Exchange, (d) the Private Placement Shares and (e) the Advisor Shares
and (ii) 50,025,000 warrants outstanding, exercisable for 25,012,500 shares of WLRH common stock, originally sold as part of units
in WLRH’s IPO. Upon consummation of the Nexeo Business Combination, certain affiliates of TPG owned approximately 35.0% of
the outstanding WLRH common stock, the Private Placement Investors (other than WLRS and its affiliates, and excluding shares of common
stock owned prior to the closing) owned approximately 28.0% of the outstanding WLRH common stock, WLRS and its affiliates owned approximately
9.6% of the outstanding WLRH common stock and the pre-closing stockholders of WLRH (other than WLRS and its affiliates and Private Placement
Investors owning shares prior to the closing) owned approximately 17.0%.

In connection with the closing of the Nexeo
Business Combination, WLRH changed its name to “Nexeo Solutions, Inc.” and changed the ticker symbol for its common stock on
the Nasdaq Capital Market from “WLRH” to “NXEO.”

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On February 28, 201