Company: BACC
Filing Date: 2025-03-26
Form Type: DRS
Source: 0001185185-25-000217
Chunk: 17

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-03-26
Form: DRS
Chunk 17
---
 commodity producer to a highly profitable specialty chemicals business until its sale to Eastman Chemical in 2012. From 2000 to 2005, Mr. Qureshi worked at Arthur D. Little, a global management consulting firm, and Charles River Associates, a global consulting firm. Mr. Qureshi was a member of the Board of International Seaways (NYSE:INSW) from July 2021 until February 2024 and served as a member of the Board of Diamond S Shipping (NYSE:DSSI) from 2017 to 2021 (as Chairman from 2019 until its merger in 2021) and on the Board of Nexeo Solutions (NASDAQ:NXEO) from 2016 to 2017.

The past performance of our management team or our Board is not a guarantee either (i) of success with respect to any business combination we may consummate or (ii) that we will be able to identify a suitable candidate for our initial business combination. Further, in recent years, a number of target businesses have underperformed financially post-business combination. You should not rely on the historical record of our management teams’ or our board’s performance as indicative of our future performance.

<div align='center'>4</div>

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. As of the date hereof, other than Mr. Seth, no other person has a direct or indirect material interest in our 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 365,000 of the 415,000 private placement units (or 376,250 private placement units of the 426,250 private placement units if the underwriters’ over-allotment option is exercised in full) to be purchased by our sponsor and an aggregate of 3,271