Form 4 for BACC Blue Acquisition Corp/Cayman
Accepted 2025-06-18 00:00:00 ET · period of report 2025-06-16 · accession 0001185185-25-000666 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-06-18 | 2025-06-16 | BACC | Seth Ketan | CEO, Dir, 10% | P - Purchase | $10.00 | +391.0K | 391.0K | New | +$3.91M |
| D | 2025-06-18 | 2025-06-16 | BACC | Seth Ketan | CEO, Dir, 10% | P - Purchase | — | +391.0K | 39.1K | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A ordinary shares | 2025-06-16 | P | A | 391,000 | $10.00 | 391,000 | D | — | — | (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. |
| 2 | Derivative | Rights to receive Class A ordinary shares | 2025-06-16 | P | A | 391,000 | — | 39,100 | D | — · — to — | 39,100 Class A Ordinary Shares | (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. |