4//SEC Filing
Blue Holdings Sponsor LLC 4
Accession 0001185185-25-000666
CIK 0002059654other
Filed
Jun 17, 8:00 PM ET
Accepted
Jun 18, 6:00 AM ET
Size
12.1 KB
Accession
0001185185-25-000666
Insider Transaction Report
Form 4
Blue Holdings Sponsor LLC
10% Owner
Transactions
- Purchase
Class A ordinary shares
2025-06-16$10.00/sh+391,000$3,910,000→ 391,000 total - Purchase
Rights to receive Class A ordinary shares
2025-06-16+391,000→ 39,100 total→ Class A Ordinary Shares (39,100 underlying)
Blue Holdings Management LLC
10% Owner
Transactions
- Purchase
Class A ordinary shares
2025-06-16$10.00/sh+391,000$3,910,000→ 391,000 total - Purchase
Rights to receive Class A ordinary shares
2025-06-16+391,000→ 39,100 total→ Class A Ordinary Shares (39,100 underlying)
Seth Ketan
DirectorChief Executive Officer10% Owner
Transactions
- Purchase
Class A ordinary shares
2025-06-16$10.00/sh+391,000$3,910,000→ 391,000 total - Purchase
Rights to receive Class A ordinary shares
2025-06-16+391,000→ 39,100 total→ Class A Ordinary Shares (39,100 underlying)
Footnotes (4)
- [F1]Reflects the 391,000 Class A ordinary shares of Blue Acquisition Corp. (the "Issuer") that are included in the 391,000 private placement units of the Issuer purchased by Blue Holdings Sponsor LLC ("Sponsor"). Each private placement unit was purchased for $10 per unit and consists of one Class A ordinary share and one right to receive one-tenth (1/10) of one Class A ordinary share upon consummation of the Issuer's initial business combination.
- [F2]The Sponsor is the record holder of the shares reported herein. Blue Holdings Management LLC is the managing member of the Sponsor. Ketan Seth is the managing member of Blue Holdings Management LLC and holds voting and investment discretion with respect to the Class B ordinary shares held of record by the Sponsor. As such, Mr. Seth may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Mr. Seth disclaims any beneficial ownership except to the extent of their pecuniary interest therein.
- [F3]Represents the 39,100 Class A ordinary shares, which may be acquired by Sponsor upon the conversion of 391,000 rights (included in the Sponsor's private placement units) upon consummation of the registrant's initial business combination. As described in the Registration Statement under the heading "Description of Securities-Share Rights," each right will automatically convert into one-tenth (1/10) of one Class A ordinary share upon consummation of the Issuer's initial business combination, subject to certain adjustments described therein. No fractional Class A ordinary shares will be issued upon conversion of such rights.
- [F4]Excluding 6,769,913 Class B ordinary shares held by the Sponsor acquired pursuant to a subscription agreement by and between the Issuer and the Sponsor.
Documents
Issuer
Blue Acquisition Corp/Cayman
CIK 0002059654
Entity typeother
IncorporatedCayman Islands
Related Parties
1- filerCIK 0002059049
Filing Metadata
- Form type
- 4
- Filed
- Jun 17, 8:00 PM ET
- Accepted
- Jun 18, 6:00 AM ET
- Size
- 12.1 KB