Blue Ocean Acquisition Corp filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits
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Item 1.01 Entry into a Material Definitive Agreement.
The disclosure contained in Item 2.03 is incorporated by reference in this Item 1.01.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On May 30, 2024, Blue Ocean Acquisition Corp (the “Company”) and Blue Ocean Sponsor LLC (the “Sponsor”) amended and restated the unsecured promissory note issued by the Company to the Sponsor, dated June 20, 2023 (the “A&R Sponsor Note”) to amend the maturity date to the earlier of (i) December 7, 2024; (ii) the date on which the Company consummates its initial merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination or (iii) the date the Company liquidates the trust account established in connection with the Company’s initial public offering upon the failure of the Company to consummate an initial business combination within the requisite time period. No other substantive changes were made to the original unsecured promissory note in the A&R Sponsor Note.
The A&R Sponsor Note is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference. The disclosure set forth in this Item 2.03 is intended to be a summary only and is qualified in its entirety by reference to the A&R Sponsor Note.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description of Exhibits | |
| 10.1 | Amended & Restated Promissory Note, dated as of May 30, 2024, between the Company and the Sponsor. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Blue Ocean Acquisition Corp | ||
| Date: June 3, 2024 | By: | /s/ Richard Leggett |
| Name: | Richard Leggett | |
| Title: | Chief Executive Officer | |
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