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  • Nov 21, 2024

      Show headlines and story abstract
    • 9:15AM ET on Thursday Nov 21, 2024 by Dow Jones
      Companies Mentioned: BLEU

      By Sabela Ojea

      Bleuacacia said it is liquidating its operations, about three years after going public.

      The special purpose acquisition company on Thursday said that the decision was driven by its inability to complete an initial business combination on time.
    • 8:52AM ET on Thursday Nov 21, 2024 by Dow Jones
      Companies Mentioned: BLEU

      bleuacacia ltd Announces Liquidation

      New York, NY, Nov. 21, 2024 (GLOBE NEWSWIRE) -- bleuacacia ltd (the "Company") (Nasdaq: BLEU), announced today 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).

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