Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 23

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 23
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 debt and rollover equity invested by Jason’s former owners and management of
JPHI (collectively the “Rollover Participants”). JPIH was a global industrial manufacturing company operating the following
four businesses: finishing, seating, acoustics and components. Following the consummation of the business combination, Jason became an
indirect majority-owned subsidiary of Quinpario, with Quinpario owning approximately 81.8% of JPHI and the Rollover Participants owning
a noncontrolling interest of approximately 18.2% of JPHI. In connection with the closing of the business combination, Quinpario changed
its name to Jason Industries, Inc. (“Jason”), and its common stock and warrants commenced trading on Nasdaq under the symbols,
“JASN” and “JASNW”, respectively. Mr. Qureshi ceased to be an officer or director following the consummation
of the business combination. On July 1, 2017, The Nasdaq Stock Market LLC filed a Form 25 with the SEC terminating the listing of Quinpario’s
securities and registration under Section 12(b) of the Securities Exchange Act of 1934, as amended.

WL
Ross Holding Corp.

As
a Managing Director for WL Ross & Co. LLC, an affiliate of the sponsor of WL Ross Holding Corp., Mr. Qureshi supervised the Business
Combination of WL Ross Holding Corp. with Nexeo Solutions, Inc. and served as a board member of the combined company from 2016 to 2017.

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Our Sponsor Our sponsor, Blue Holdings Sponsor LLC, is a Delaware limited liability company, which was recently formed in February 2025 to invest in our company. Although our sponsor is permitted to undertake any activities permitted under the Delaware Limited Liability Company Act and other applicable law, our sponsor’s business is focused on investing in our company. Blue Holdings Management LLC (“BHM”) is the managing member of our sponsor, and Ketan Seth, our Chief Executive Officer and a director of our Company, is the managing member of BHM. Mr. Seth, as the managing member of BHM, the managing member of our sponsor, holds voting and investment discretion with respect to the securities held of record by the sponsor. The non-managing sponsor investors have expressed an interest to purchase non-managing membership interests in our sponsor, reflecting interests in an aggregate of 290,000 of the 340