CHEVY
CHASE, Md., June 2, 2023
/PRNewswire/ -- Blue Ocean Acquisition Corp (NASDAQ: BOCN) ("Blue
Ocean" or the "Company") announced today that its previously
announced extraordinary general meeting (the "Shareholder Meeting")
originally scheduled for Friday, June 2,
2023, at 11:00 a.m., Eastern Time, is being postponed
to June 6, 2023, at 2:00 p.m.,
Eastern Time (the "Postponement").
At the Shareholder Meeting, shareholders will be asked to vote
on the following proposals: (i) to amend the Company's amended
articles of association (the "Extension Amendment Proposal") to
extend the date by which the Company must complete an initial
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) to amend
the Company's amended articles of association to permit for the
issuance of Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares"), to
holders of Class B ordinary shares, par value $0.0001 per share ("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) to approve the adjournment of the
extraordinary general meeting to a later date or dates, if
necessary (the "Adjournment Proposal").
As a result of this Postponement, the Shareholder Meeting will
now be held at 2:00 p.m., Eastern
Time, on June 6, 2023. The
Shareholder Meeting will still be held at the offices of Sidley
Austin LLP at 787 7th Avenue, New York,
New York 10019.
Shareholders may withdraw any election to have their Class A
Ordinary Shares redeemed in connection with the Extension prior to
the vote at the Shareholder 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.
If any such shareholders have questions or need assistance in
connection with the Shareholder Meeting, please contact the
Company's proxy solicitor, Morrow Sodali LLC, by calling (800)
662-5200, or banks and brokers can call collect at (203) 658-9400,
or by emailing BOCN.info@investor.morrowsodali.com.
The Company plans to continue to solicit proxies from
shareholders during the period prior to the Shareholder Meeting.
Only holders of record of Class A Ordinary Shares and
Class B Ordinary Shares as of the close of business on
May 4, 2023, the record date for the
Shareholder Meeting are entitled to vote at the Shareholder Meeting
or any adjournment thereof.
No Offer or Solicitation
This communication shall not constitute a solicitation of a
proxy, consent or authorization with respect to any securities or
in respect of the Extension Amendment Proposal or Founder Share
Amendment Proposal. This communication shall also not constitute an
offer to sell or the solicitation of an offer to buy any
securities, nor shall there be any sale of securities in any states
or jurisdictions in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offering of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as
amended, or an exemption therefrom.
Participants in the Solicitation
Blue Ocean, its directors and certain of its respective
executive officers and other members of management and employees
may be considered participants in the solicitation of proxies with
respect to the Extension. Information about the directors and
executive officers of Blue Ocean is set forth in its Annual
Report on Form 10-K for the fiscal
year ended December 31, 2022. Additional information regarding
the persons who may, under the rules of the Securities and Exchange
Commission ("SEC"), be deemed participants in the proxy
solicitation of the shareholders of Blue Ocean and a description of
their direct and indirect interests are contained in the definitive
proxy statement relating to the Shareholder Meeting (the
"Definitive Proxy Statement").
Additional Information and Where To Find It
On May 16, 2023, the Company filed
the Definitive Proxy Statement with the SEC in connection with its
solicitation of proxies for the Shareholder Meeting. INVESTORS AND
SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THE DEFINITIVE
PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO)
AND OTHER DOCUMENTS THE COMPANY FILES WITH THE SEC CAREFULLY IN
THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN
IMPORTANT INFORMATION. Investors and security holders will be able
to obtain free copies of the Definitive Proxy Statement (including
any amendments or supplements thereto) and other documents filed
with the SEC through the web site maintained by the SEC at
www.sec.gov or by directing a request to: Blue Ocean at 2 Wisconsin
Circle, 7th Floor, Chevy Chase,
Maryland 20815.
Cautionary Statement Regarding Forward Looking
Statements
This communication includes "forward-looking statements"
within the meaning of the safe harbor provisions of the United
States Private Securities Litigation Reform Act of 1995. Certain of
these forward-looking statements can be identified by the use of
words such as "believes," "expects," "intends," "plans,"
"estimates," "assumes," "may," "should," "will," "seeks," or other
similar expressions. Such statements may include, but are not
limited to, statements regarding the date of the Shareholder
Meeting. These statements are based on current expectations on the
date of this communication and involve a number of risks and
uncertainties that may cause actual results to differ
significantly. The Company does not assume any obligation to update
or revise any such forward-looking statements, whether as the
result of new developments or otherwise. Readers are cautioned not
to put undue reliance on forward-looking statements.
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SOURCE Blue Ocean Acquisition Corp.
