Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 29

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 29
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877 founder shares and 25,847 Exchange Shares, (ii) PWIMF 543,061
founder shares and 32,501 Exchange Shares and (iii) PWPI 75,460 founder shares and 4,516 Exchange Shares. WLRH also entered
into subscription agreements with certain of its advisors (the “Advisors”) pursuant to which such Advisors agreed to accept
3,078,578 shares of WLRH common stock (the “Advisors Shares”) 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 addition,
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
(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