Announcement • Nov 22
bleuacacia to Redeem All of the Outstanding Ordinary Shares, Effective November 22, 2024 and to File Form 15 with the SEC to Terminate the Registration of its Securities bleuacacia ltd (the ‘Company’) announced that, due to its inability to complete an initial business combination within the time period required by its amended and restated memorandum and articles of association, as amended, the Company intends to liquidate and dissolve, effective as of the close of business on November 22, 2024, and will redeem all of the outstanding ordinary shares that were included in the units issued to public shareholders in its initial public offering (the ‘Public Shares’), at a per-share redemption price of approximately $11.10 (after the removal of a portion of the accrued interest in the trust account to pay taxes and up to $100,000 of dissolution expense). As of the close of business on November 22, 2024, the Public Shares will be deemed cancelled and will represent only the right to receive the redemption amount. In order to provide for the disbursement of funds from the trust account, the Company will instruct the trustee of the trust account to take all necessary actions to liquidate the trust account. The proceeds of the trust account will be held in a non-interest bearing account while awaiting disbursement to the holders of the Public Shares. Record holders will receive their pro rata portion of the proceeds of the trust account by delivering their Public Shares to Continental Stock Transfer & Trust Company, the Company’s transfer agent. Beneficial owners of Public Shares held in ‘street name,’ however, will not need to take any action in order to receive the redemption amount. The redemption of the Public Shares is expected to be completed within ten business days after November 22, 2024. The Company’s holders of founder shares have agreed to waive their redemption rights with respect to such shares. There will be no redemption rights or liquidating distributions with respect to the Company’s warrants and rights, which will expire worthless. The Company expects to file a Form 15 with the United States Securities and Exchange Commission (the ‘SEC’) to terminate the registration of its securities under the Securities Exchange Act of 1934, as amended, within ten days of the filing of a Form 25. Announcement • Sep 12
bleuacacia Receives Notice of Deficiency from Nasdaq bleuacacia ltd announced that on September 6, 2024, it received a notice (the Notice) from the Listing Qualifications department of The Nasdaq Stock Market LLC that the Company no longer complies with Nasdaq Listing Rule 5250(c)(1), which requires companies with securities listed on Nasdaq to timely file all required periodic reports with the U.S. Securities and Exchange Commission (the SEC). As previously disclosed in the Notification of Late Filing on Form 12b-25 filed by the Company with the SEC on August 15, 2024 (the Form 12b-25), the Company is delayed in filing its Quarterly Report on Form 10-Q for the period ended June 30, 2024 (the Form 10-Q) due to the reasons described in the Form 12b-25. The Notice has no immediate effect on the listing or trading of the Company's common stock on Nasdaq. The Company has 60 calendar days, or until November 5, 2024, to submit a plan to regain compliance with the Listing Rule (the Plan). Pursuant to the Notice, if Nasdaq accepts the Plan, Nasdaq can grant the Company an exception of up to 180 calendar days from the due date of the Form 10-Q, or until February 17, 2025, to regain compliance with the Listing Rule. There can be no assurance that the Company will be able to regain compliance within the applicable time period. In addition, if the Company does not regain compliance within the applicable time period, Nasdaq could provide a notice that the Company's securities will become subject to delisting. If the Company receives such delisting notice, Nasdaq rules permit the Company to appeal the decision to a hearings panel. Announcement • Aug 16
bleuacacia ltd announced delayed 10-Q filing On 08/15/2024, bleuacacia ltd announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 
