Blue Gold Ltd (BGL) Form 424B3 — Aug 5, 2026
Blue Gold Limited filed Prospectus Supplement No. 1 to its May 29, 2026 prospectus, registering the resale of up to 32,157,957 Class A ordinary shares by selling shareholder Tumim Stone Capital LLC for up to an aggregate purchase price of $73.0 million. The company will receive no proceeds from these sales and bears all registration costs. The supplement details Blue Gold's equity line with Tumim Stone Capital, signed August 29, 2025, allowing issuance of up to $75 million in Class A shares at 0.95-0.97 times VWAP, capped at the lesser of 20-40% of daily volume or $2-3 million per purchase.
Key figures
- Gross Proceeds
- up to $73.0 million aggregate purchase price (to Selling Shareholder); Company receives no proceeds
- Offering Price
- 0.95 x lower of closing price or VWAP (1-day period) or 0.97 x lowest VWAP (3-day period), per amended Ordinary Share SPA
- Shares Offered
- 32157957
- Daily volume range
- 30,900 to 29,059,500 shares
- Compliance deadline
- January 20, 2027
- Equity line capacity
- $75 million aggregate under Ordinary Share SPA
- Nasdaq mvphs minimum
- $15,000,000
- Compliance period days
- 180
- Vwap purchase cap 1day
- lesser of 20% of daily volume or $2,000,000 / VWAP
- Vwap purchase cap 3day
- lesser of 40% of daily volume or $3,000,000 / VWAP
- Commitment shares issued
- 69419
- Closing price jul 29 2026
- $0.21
- Price range since listing
- $0.20 to $133.00 (June 26, 2025 to July 29, 2026)
- Warrant closing price jul 29 2026
- $0.05
- Additional shares issued under spa
- 2245713
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