Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 175

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 175
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 June
4, 2024, the trading day immediately preceding the announcement of the proposed merger, was $10.87 per share.

The business combination included, among other things:

| ● | (i) Swiftmerge undergoing the domestication                                                                                    
 pursuant to which it reincorporated as a Delaware corporation and changing its name to “AleAnna, Inc.” (“AleAnna”);            
 (ii) each Swiftmerge Class A ordinary share converting into one share of Class A common stock; (iii) each Swiftmerge           
 Class B ordinary share converting into one share of Class B common stock in the domestication and then each share of Class B   
 common stock converting into one share of Class A common stock at the completion of the business combination; (iv) each        
 warrant to purchase Swiftmerge Class A ordinary 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