Ketan Seth Resigns from Blue Acquisition Corp and Forfeits All Equity Holdings
This Form 4 filing reports that Ketan Seth, former CEO of Blue Acquisition Corp/Cayman (BACC), resigned from his position as managing member of Blue Holdings Management LLC and forfeited all his equity holdings in the company on June 16, 2026. Seth surrendered 391,000 Class A ordinary shares, 391,000 rights to receive Class A ordinary shares (convertible to 39,100 Class A shares), and 6,769,913 Class B ordinary shares (convertible to Class A shares). The resignation follows his earlier departure as CEO on June 9, 2026. Following this complete divestment, Seth now owns zero shares or securities convertible to shares of Blue Acquisition Corp. The transaction code "J" indicates a transfer of securities without consideration, and the filing notes he is no longer subject to Section 16 reporting requirements.