SCHEDULE: Tenor Capital Discloses 7.6% Stake in Blue Acquisition

Tenor Capital Management, along with Tenor Opportunity Master Fund and Robin Shah, reported a 7.6% beneficial ownership stake in Blue Acquisition Corp.'s Class A ordinary shares as of September 30, 2025.

Summary

• Tenor Capital Management Company, L.P., Tenor Opportunity Master Fund, Ltd., and Robin Shah collectively reported beneficial ownership of 1,596,000 Class A ordinary shares of Blue Acquisition Corp.
• This represents 7.6% of the issuer's Class A ordinary shares outstanding.
• The shares are held directly by Tenor Opportunity Master Fund, Ltd.
• Tenor Capital Management Company, L.P. serves as the investment manager to Tenor Opportunity Master Fund, Ltd.
• Robin Shah is the managing member of Tenor Management GP, LLC, the general partner of Tenor Capital Management Company, L.P.
• All reporting persons are deemed to have shared voting and dispositive power over the 1,596,000 shares.
• The percentage of ownership is calculated based on 20,892,250 Class A ordinary shares issued and outstanding as of the Issuer's 10-Q filing on August 12, 2025.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's operational or financial performance.

Positives

• Increased institutional ownership by Tenor Capital Management, potentially signaling confidence in Blue Acquisition Corp.'s prospects.
• The disclosure provides transparency regarding a significant shareholder position, which is beneficial for market participants.

Future Outlook

This filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance or strategic direction.

Industry Context

The disclosure of a significant stake by an institutional investor like Tenor Capital Management is a routine event in public markets. Such filings provide transparency on major ownership positions, which can sometimes influence market perception or signal potential activist interest, though this filing explicitly states the shares were not acquired for the purpose of changing or influencing control.

Stakeholder Impact

• Shareholders: Provides transparency on a significant institutional holding, which could be viewed positively as a vote of confidence or as a precursor to potential future engagement.
• Management: Awareness of a substantial shareholder, which may influence future strategic decisions or communication.

Key Dates

Keywords

Blue Acquisition Corp, Tenor Capital Management, Tenor Opportunity Master Fund, Robin Shah, Beneficial Ownership, Class A Ordinary Shares, Institutional Investor, SEC Filing, Schedule 13G, Equity Stake