Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 27

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 27
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,400,000 warrants
at a purchase price of $0.50 per private placement warrant, generating gross proceeds to WLRH of $11,200,000. WLRH’s units, common
stock and warrants were each listed and traded on the Nasdaq Capital Market under the symbols “WLRHU,” “WLRH”
and “WLRHW,” respectively.

On March 21, 2016, WLRH entered into an Agreement
and Plan of Merger (the “”), by and among WLRH, Neon Acquisition Company LLC, a wholly-owned
subsidiary of WLRH (“”), Neon Holding Company LLC, a wholly-owned subsidiary of Blocker Merger Sub
(“”), Nexeo Solutions Holdings, LLC (“”), TPG Accolade Delaware, L.P.
(“”), and Nexeo Holdco, LLC, a wholly-owned subsidiary of Nexeo (“”).

On June 9, 2016, pursuant to the Nexeo Merger
Agreement, WLRH consummated a business combination by which, WLRH acquired Nexeo Solutions Holdings, LLC, a global chemical and plastics
distributor with a centralized business model, through a series of two mergers (the “”). As a result
of the transactions contemplated by the Nexeo Merger Agreement, Nexeo Holdings and Blocker became wholly-owned subsidiaries of WLRH.
In connection with the closing, WLRH redeemed a total of 29,793,320 shares of its common stock, resulting in a total payment to redeeming
stockholders of $298,465,296. As part of the Nexeo Business Combination, WLRH paid the following consideration to the selling equityholders:
(i) $424.9 million in cash, which included the repayment of $774.6 million of Nexeo Holdings indebtedness that occurred immediately
following the consummation of the Nexeo Mergers and (ii) 27,673,604 shares of newly-issued WLRH common stock (the “Stock Consideration”),
subject to adjustment as set forth in the Nexeo Merger Agreement. Pursuant to the terms of the Nexeo Merger Agreement, the aggregate
stock ownership of the selling equityholders was capped at 35% of the value of the capital stock of WLRH. As a result of this cap,
and pursuant to the Nexeo Merger Agreement, the selling equityholders also received a right to future deferred payments in cash in lieu
of