Item 7.01 Regulation FD Disclosure.
Preliminary Redemption Results
Blue Ocean Acquisition Corp (the "Company") encourages shareholders to vote in
favor of the following proposals: (i) the proposal to amend the Company's
amended articles of association (the "Extension Amendment Proposal") to extend
the date by which the Company must complete a business combination from June 7,
2023 to June 7, 2024 by electing to extend the date to consummate an initial
business combination on a monthly basis for up to 12 times by an additional one
month each time, unless the closing of the Company's initial business
combination has occurred (the "Extension"), (ii) the proposal to amend the
Company's amended articles of association by way of special resolution to permit
for the issuance of Class A ordinary shares to holders of Class B ordinary
shares upon the exercise of the right of a holder of the Company's Class B
ordinary shares to convert such holder's Class B ordinary shares into Class A
ordinary shares on a one-for-one basis at any time and from time to time prior
to the closing of an initial business combination at the election of the holder
(the "Founder Share Amendment Proposal") and (iii) the proposal to approve the
adjournment of the extraordinary general meeting to a later date or dates, if
necessary (the "Adjournment Proposal").
As disclosed in the Company's definitive proxy statement filed with the SEC on
May 16, 2023, an extraordinary general meeting ("Extraordinary General Meeting")
of the Company's shareholders to approve the Extension Amendment Proposal, the
Founder Share Amendment Proposal and the Adjournment Proposal is scheduled to be
held on June 2, 2023 at 11:00 a.m., Eastern Time.
As of 5:00 p.m., Eastern Time, on May 31, 2023, the redemption deadline, holders
of 15,807,594 Class A ordinary shares have initially elected to have their
shares redeemed in connection with the Extension, which would result in
3,167,406 Class A ordinary shares remaining outstanding after giving effect to
such redemptions, but before giving effect to the conversion of any Class B
ordinary shares to Class A ordinary shares by holders of Class B ordinary shares
following the approval of the Founder Share Amendment Proposal.
Shareholders may withdraw any election to have their Class A ordinary shares
redeemed in connection with the Extension prior to the vote at the Extraordinary
General Meeting. Shareholders who wish to withdraw redemptions should contact
the Company's transfer agent, Continental Stock Transfer & Trust Company, by
email at spacredemptions@continentalstock.com.
Forward Looking Statements
This document includes forward-looking statements that involve risks and
uncertainties. Forward-looking statements are statements that are not historical
facts. Such forward-looking statements are subject to risks and uncertainties,
which could cause actual results to differ from the forward-looking statements.
These forward-looking statements and factors that may cause such differences
include, without limitation, uncertainties relating to our ability to obtain
approval for the Extension Amendment Proposal or the Founder Share Amendment
Proposal, our ability to complete an initial business combination, and other
risks and uncertainties indicated from time to time in filings with the SEC,
including "Risk Factors" in the Proxy Statement (as defined below) and in other
reports we file with the SEC. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in the Company's expectations
with respect thereto or any change in events, conditions or circumstances on
which any statement is based.
Additional Information and Where to Find It
THE COMPANY URGES SHAREHOLDERS TO READ THE DEFINITIVE PROXY STATEMENT FILED WITH
THE SEC ON MAY 16, 2023 (THE "PROXY STATEMENT"), AS WELL AS OTHER DOCUMENTS
FILED BY THE COMPANY WITH THE SEC, BECAUSE THESE DOCUMENTS CONTAIN IMPORTANT
INFORMATION ABOUT THE COMPANY AND THE EXTENSION. Shareholders may obtain copies
of these documents (when available), without charge, at the SEC's website at
www.sec.gov or by directing a request to: Blue Ocean Acquisition Corp, 2
Wisconsin Circle, 7th Floor, Chevy Chase, MD 20815, Attn: Secretary.
Participants in Solicitation
The Company and its directors and executive officers may be deemed to be
participants in the solicitation of proxies of the Company shareholders.
Investors and security holders may obtain more detailed information regarding
the names, affiliations and interests of the Company's directors and officers in
the Proxy Statement which may be obtained free of charge from the sources
indicated above.
© Edgar Online, source Glimpses