4//SEC Filing
bleuacacia sponsor LLC 4
Accession 0001140361-24-001578
CIK 0001843370other
Filed
Jan 8, 7:00 PM ET
Accepted
Jan 9, 7:34 PM ET
Size
8.4 KB
Accession
0001140361-24-001578
Insider Transaction Report
Form 4
bleuacacia ltdBLEU
bleuacacia sponsor LLC
10% Owner
Transactions
- Conversion
Class A ordinary shares
2024-01-05+3,000,000→ 3,000,000 total - Conversion
Class B ordinary shares
2024-01-05−3,000,000→ 3,790,000 totalExercise: $0.00→ Class A Ordinary Shares (3,000,000 underlying)
Footnotes (3)
- [F1]In connection with the extraordinary general meeting of the issuer held on January 2, 2024, the Reporting Person converted on a one-for-one basis 3,000,000 Class B ordinary shares, par value $0.0001 per share, of the issuer into Class A ordinary shares, par value $0.0001 per share, of the issuer for no consideration, which consummated on January 5, 2024.
- [F2]As described in the issuer's registration statement on Form S-1 (File No. 333-257240) under the heading "Description of Securities-Founder Shares," the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B ordinary shares have no expiration date.
- [F3]Jide Zeitlin and at least three other individuals each have voting and dispositive power over the shares owned by bleuacacia sponsor LLC. Under the so-called "rule of three," if voting and dispositive decisions regarding an entity's securities are made by three or more individuals, and a voting or dispositive decision requires the approval of a majority of those individuals, then none of the individuals is deemed a beneficial owner of the entity's securities. Based upon the foregoing analysis, the aforementioned individuals do not exercise voting or dispositive control over any of the securities held by bleuacacia sponsor LLC, even those in which such person directly holds a pecuniary interest. Accordingly, none of them will be deemed to have or share beneficial ownership of such shares.
Documents
Issuer
bleuacacia ltd
CIK 0001843370
Entity typeother
Related Parties
1- filerCIK 0001842835
Filing Metadata
- Form type
- 4
- Filed
- Jan 8, 7:00 PM ET
- Accepted
- Jan 9, 7:34 PM ET
- Size
- 8.4 KB