Key facts
- This page summarizes bleuacacia sponsor LLC's Form 4 filing for bleuacacia ltd.
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 09 Jan 2024, 19:34.
bleuacacia sponsor LLC - 05 Jan 2024 Form 4 Insider Report for bleuacacia ltd
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 05 Jan 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 09 Jan 2024, 19:34:31 UTC
- Prior SEC filing
- 27 Dec 2023
- Source filing
- View source filing
- Reporting owner signature
- bleuacacia sponsor LLC, By: /s/Thomas Northover, as attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
bleuacacia sponsor LLC filed Form 4 for bleuacacia ltd on 09 Jan 2024.
Change
- Previous filing in this sequence was filed on 27 Dec 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
BLEU
transaction
Class A ordinary shares
Conversion of derivative security
- Transaction value
- $0
- Shares
- +3,000,000
- Change %
- Price
- $0.000000
- Shares after
- 3,000,000
- Date
- 05 Jan 2024
- Ownership
- Direct
- Footnotes
- F1, F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
BLEU
transaction
Derivative
Class B ordinary shares
Conversion of derivative security
- Transaction value
- $0
- Shares
- -3,000,000
- Change %
- -44%
- Price
- $0.000000
- Shares after
- 3,790,000
- Date
- 05 Jan 2024
- Ownership
- Direct
- Underlying class
- Class A Ordinary Shares
- Underlying amount
- 3,000,000
- Exercise price
- $0.000000
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote 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.
Footnote 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.
Footnote 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.