Form 4: Blue Ocean Acquisition Corp Director Joel Motley Reports Share Conversion Following Merger

Director Joel Motley reports the conversion of his 30,000 Class A ordinary shares of Blue Ocean Acquisition Corp into ordinary shares of TNL Mediagene following a merger.

Summary

• Joel Motley, a director of Blue Ocean Acquisition Corp, filed a Form 4 to report a change in his beneficial ownership of shares.
• The change occurred on December 5, 2024, due to a merger between Blue Ocean Acquisition Corp and TNL Mediagene.
• As a result of the merger, each Class A ordinary share of Blue Ocean was converted into one ordinary share of TNL Mediagene.
• Motley's 30,000 Class A ordinary shares were converted to TNL Mediagene shares.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing related to a merger, indicating a neutral to slightly positive sentiment as it reflects the completion of a corporate action. There is no indication of any negative or unexpected events.

Industry Context

This filing reflects a common process in mergers and acquisitions where shares of the acquired company are converted into shares of the acquiring company. This is a standard procedure to consolidate ownership after a merger.

Comparison to Industry Standards

• The conversion of shares following a merger is a standard practice in corporate transactions.
• Similar share conversions occur in mergers across various industries, such as the recent merger of WarnerMedia and Discovery, where shares were converted to reflect the new entity, Warner Bros. Discovery.
• This process is also similar to the merger of Dow and DuPont, where shareholders received shares in the newly formed DowDuPont.

Stakeholder Impact

• Shareholders of Blue Ocean Acquisition Corp have had their shares converted to shares of TNL Mediagene.
• This merger will likely impact the future value of the shares.

Key Dates

Keywords

Merger, Share Conversion, Beneficial Ownership, Form 4, Director, TNL Mediagene, Blue Ocean Acquisition Corp