Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 189

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 189
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 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 “”) 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 connection with the completion of the Nexeo Business Combination,
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) 32,737,930 shares issued and outstanding prior to
the Nexeo Business Combination, including the founders shares, (b) the Stock Consideration, (c) the shares of common stock
issued in connection with the Private Placement Warrant Exchange, (d) the Private Placement Shares and (e) the Advisor Shares
and (ii) 50,025,000 warrants outstanding, exercisable for 25,012,500 shares of WLRH common stock, originally sold as part of units
in WLRH’s IPO. Upon consummation of the Nexeo Business Combination, certain affiliates of TPG owned approximately 35.0% of
the outstanding WLRH