Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 29

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 29
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Agreement with First Pacific Advisors, LLC, on behalf of certain clients (“FPA”), one of the Private Placement Investors,
WLRS transferred to (i) FPA 2,509,819 founder shares and (ii) WLRS Fund I, LLC, a Delaware limited liability company formed
by WLRS and in which FPA would beneficially own a 99.9% economic interest, an additional 1,256,166 founder shares and 225,533 Exchange
Shares.

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In connection with the Nexeo Business Combination,
WLRH entered into commitment agreements with each of FPA, Park West Investors Master Fund, Ltd. (“PWIMF”) and Park West
Partners International, Ltd. (“PWPI”), pursuant to which the FPA, PWIMF and PWPI agreed not to redeem, or agreed to
purchase from redeeming stockholders and withdraw from redemption, an aggregate of 5,094,727 shares of WLRH common stock. Pursuant
to the commitment agreements, WLRS transferred to (i) FPA 431,877 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