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

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 25
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2,512,919Class A ordinary shares, approximately 22.25% of the shares entitled to vote on the extension, properly exercised their right to redeem their shares for cash at a redemption price of $11.49797361 per share, for an aggregate redemption amount of approximately $28,893,476.

Quinpario Acquisition Corp.

Mr. Qureshi was Vice President and Chief
Strategy Officer of Quinpario Acquisition Corp. (“Quinpario”), a special purpose acquisition company, from May 13, 2013 until
June 30, 2014. On August 14, 2013, Quinpario consummated its initial public offering of 17,250,000 units (consisting of one share
of common stock and one warrant to purchase one share of common stock), generating gross proceeds of $172,500,000. A total of $177,075,000
of the net proceeds from the initial public offering and the simultaneous private placement of 1,150,000 private placement units (substantially
the same as the units sold in the initial public offering) were placed in a trust account established for the benefit of Quinpario’s
public stockholders. Quinpario’s public units, common stock and warrants were listed on The Nasdaq Capital Market under the ticker
symbols QPACU, QPAC, and QPACW, respectively.

On June 30, 2014, Quinpario completed
an initial business combination as a result of which it acquired all of the outstanding shares of Jason Partners Holdings, Inc. (“JPHI”)
pursuant to a stock purchase agreement, dated as of March 16, 2014, for a purchase price of $538,650,000, funded by the cash proceeds
from Quinpario’s initial public offering, new debt and rollover equity invested by Jason’s former owners and management of
JPHI (collectively the “Rollover Participants”). In the business combination, Quinpario paid the following consideration to the former equity holders of Jason Industries, Inc.: (i) $260,449,700 in aggregate cash consideration and (ii) reserved 3,485,623 shares of our common stock deliverable upon exchange of shares of Quinpario Sub which are held by former equity holders of Jason. JPIH was a global industrial manufacturing company operating the following four businesses: finishing,
seating,