bleuacacia ltd Announces Liquidation
bleuacacia ltd - Class A Ordinary Shares (BLEU)
Company Research
Source: GlobeNewswire
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). 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 accoun
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