- CEO
- Jide J. Zeitlin
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 500 Fifth Avenue New York City NY United States of America 10110
- IPO Date
- Jan 10, 2022
- Business
- Bleuacacia Ltd (NASDAQ: BLEUW) operates as a blank check company, or special purpose acquisition company (SPAC), whose sole purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, with a focus on premium branded consumer retail opportunities; it conducts no significant operations and generates no revenue prior to completing such a transaction. The company, founded in 2021 and headquartered in New York, New York, raised approximately $240 million in its upsized initial public offering in November 2021, with underwriters including Credit Suisse Securities (USA) LLC and Citigroup Global Markets Inc., and subsequently announced the separate trading of its Class A ordinary shares, warrants, and rights in early 2022. In a major development, Bleuacacia Ltd announced its liquidation and dissolution effective November 22, 2024, due to failure to complete an initial business combination within the required timeframe, redeeming all outstanding public shares at approximately $11.10 per share while founder shares waived redemption rights and warrants expired worthless; the company plans to file necessary forms with the SEC to terminate its securities registration shortly thereafter.