Blue Gold Limited Announces Judgment on Preliminary Issues in Shareholder Action

Blue Gold Limited announced that the Grand Court of the Cayman Islands issued a judgment on preliminary issues in a shareholder action. The Court determined that certain shares are unrestricted and clarified the class of shareholders whose consent is required for a proposed amendment to the Company's Articles of Association. The Court held that the Company cannot proceed to a vote on the resolution until consent is obtained from a majority of the specified class. An interim injunction preventing the Company from proceeding with any Extraordinary General Meeting (EGM) to alter the relevant rights of the Class under the Articles remains in place. The Company is considering all legal options, including an appeal or stay of the Judgment, as several substantive matters remain to be determined at trial.