secwatch.observer — SEC 8-K summary
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Issuer:     bleuacacia ltd (—)
CIK:        0001843370
Form:       8-K
Filed at:   2024-01-05T23:59:59+00:00
Accession:  0001140361-24-000789
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.03, 3.01, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

bleuacacia extends business combination deadline to Nov 22, 2024; shareholders approve founder share conversion
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- Shareholders approved extension of termination date from Feb 22, 2024 to Nov 22, 2024 via Articles amendment.
- Approximately 928,553 Class A shares redeemed for ~$9.97M (~$10.74/share); ~$7.04M remains in trust account.
- Non-redemption agreements with 4 unaffiliated third parties covering 534,929 Class A shares in exchange for 160,479 Class B shares.
- Initial shareholders to convert 3,110,000 Class B shares into Class A shares on a one-for-one basis.
- Nasdaq deficiency (MVLS < $50M) uncured; 180-day compliance period expired but no delisting notice received yet.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1843370/000114036124000789/0001140361-24-000789-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1843370/000114036124000789/ef20018104_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-000789

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