Form 4: Blue Ocean Acquisition Corp Director Matt Goldberg Reports Share Conversion Following Merger

Director Matt Goldberg reports the conversion of his 30,000 Class A ordinary shares to TNL Mediagene ordinary shares following the merger of Blue Ocean Acquisition Corp and TNL Mediagene.

Summary

• Matt Goldberg, a director of Blue Ocean Acquisition Corp, has reported a change in his beneficial ownership of shares.
• On December 5, 2024, Blue Ocean Acquisition Corp merged with TNL Mediagene, with Blue Ocean becoming a wholly-owned subsidiary.
• As a result of the merger, each Class A ordinary share of Blue Ocean was converted into one ordinary share of TNL Mediagene.
• Matt Goldberg's 30,000 Class A ordinary shares were converted to 0 shares of Blue Ocean and the right to receive 30,000 ordinary shares of TNL Mediagene.

Sentiment

Score: 7

Explanation: The document is a routine filing related to a merger, indicating a neutral to slightly positive sentiment as it reflects the completion of a planned corporate action.

Industry Context

This filing reflects a common process in mergers and acquisitions where the shares of the acquired company are converted into shares of the acquiring company. This is a standard procedure following the completion of 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 merger of Dow and DuPont where shares were converted to the new DowDuPont entity.
• This process is comparable to other SPAC mergers where the initial SPAC shares are converted to the shares of the target company.

Stakeholder Impact

• Shareholders of Blue Ocean Acquisition Corp have had their shares converted to shares of TNL Mediagene.
• This merger impacts the ownership structure of the company.

Key Dates

Keywords

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