Ibukun Awosika - Jan 5, 2024 Form 4 Insider Report for bleuacacia ltd (BLEU)

Role: Director
Signature: /s/Thomas Northover, as attorney-in-fact
Stock symbol: BLEU
Transactions as of: Jan 5, 2024
Transactions value $: $0
Form type: 4
Date filed: 1/9/2024, 07:34 PM
Previous filing: Nov 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BLEU	Class A ordinary shares	Conversion of derivative security	$0	+40K		$0.00	40K	Jan 5, 2024	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BLEU	Class B ordinary shares	Conversion of derivative security	$0	-40K	-100%	$0.00^*	0	Jan 5, 2024	Class A Ordinary Shares	40K	$0.00	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 40,000 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 shares have no expiration date.

Content

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 40,000 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.

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 shares have no expiration date.