Item 1.01 Entry into a Material Definitive Agreement.
On November 22, 2022, Blue Ocean Acquisition Corp (the "Company") entered into a
consulting agreement (the "Agreement") with Matt Lasov, pursuant to which the
Company engaged Mr. Lasov as an independent contractor to serve as the Company's
Chief Financial Officer, as specified in the Agreement, commencing on November
22, 2022 and ending on the earlier of the date on which the Company completes
the business combination or the redemption of the Company's public shares should
it not complete a business combination, or as otherwise specified in the
Agreement (the "Term"). In consideration for the services Mr. Lasov will provide
to the Company, the Company agreed to pay Mr. Lasov a bonus of One Hundred and
Fifty Thousand United States Dollars ($150,000) within ten business days of the
closing of a business combination.
The foregoing description of the Agreement is not complete and is qualified in
its entirety by reference to the full text of the Agreement, a copy of which is
filed herewith as Exhibit 10.1 to this Current Report on Form 8-K and is
incorporated herein by reference.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
On November 22, 2022, Ankur Manglik, Chief Financial Officer, Chief Strategy
Officer and Director of the Company, tendered his resignation as Chief Financial
Officer, Chief Strategy Officer and Director of the Company, effective as of
November 22, 2022. On November 22, 2022, the Board of Directors of the Company
(the "Board") accepted Mr. Manglik's resignation and simultaneously appointed
Mr. Manglik as an advisor to the Company, effective immediately. Mr. Manglik's
resignation was not the result of any dispute or disagreement with the Company
or the Board on any matter relating to the Company's operations, policies or
On November 22, 2022, the Board appointed Matt Lasov to the position of Chief
Financial Officer of the Company, effective as of November 22, 2022.
Matt Lasov is an accomplished finance and strategy executive in the professional
services and technology industries, with a strong track record of growing and
operating businesses globally. From October 2021 through July 2022, Mr. Lasov
served as the Chief Strategy Officer at ConsumerDirect, a financial technology
company in the money, credit, and privacy spaces. Prior to ConsumerDirect, from
February 2019 to October 2021, Mr. Lasov was a Director at Slalom, a global
consulting firm, founding and leading the Strategy Practice in Southern
California. From June 2016 through January 2019, Mr. Lasov was Vice President of
Finance and Operations at ExecOnline, a privately held education technology
company focused on leadership development. Prior to ExecOnline, From January
2010 through May 2016, Mr. Lasov served in leadership positions including Head
of Advisory, and Head of EMEA at FrontierView, now FiscalNote (NYSE: NOTE), a
global market intelligence company.
Mr. Lasov graduated from McGill University in 2006 with a B.A. in Political
In connection with Mr. Lasov's appointment as Chief Financial Officer, the
Company and Mr. Lasov entered into the Agreement described in Item 1.01 to this
Form 8-K, a copy of which is filed herewith as Exhibit 10.1 to this Current
Report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
10.1 Consulting Agreement, dated November 22, 2022, by and between the
registrant and Matt Lasov
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