Blue Gold Announces Completion of Business Combination and Nasdaq Debut
Deal News | Jun 26, 2025 | PR Newswire Cision Blue Gold Limited
Blue Gold Limited, a gold mining company based in Ghana, has successfully completed a business combination with Perception Capital Corp IV, a Special Purpose Acquisition Company (SPAC). This transaction marks Blue Gold's debut on a U.S. stock exchange, as its shares commence trading on the Nasdaq Stock Market under the ticker symbols BGL and BGLWW. With plans to bring the historic Bogoso Prestea Mine back into production, Blue Gold aims to capitalize on favorable market conditions and the rising price of gold to create long-term value for its stakeholders. The transaction has been supported by a range of legal and financial advisors, ensuring compliance and strategic alignment.
Sectors
- Mining & Metals
- Finance - SPACs
- Stock Markets
Geography
- Ghana – Blue Gold's principal gold mining operations, including the Bogoso Prestea Mine, are based in Ghana, emphasizing its geographic importance.
- United States – The article details Blue Gold's entrance to the Nasdaq Stock Market, making the United States a relevant geographic context.
- United Kingdom – UK-based legal advisory roles and communications point towards the UK's significance in facilitating the transaction.
Industry
- Mining & Metals – The article focuses on Blue Gold Limited, a gold mining company, and its business activities, highlighting the Mining & Metals sector.
- Finance - SPACs – The combination with Perception Capital Corp IV, a SPAC, classifies the article under the Finance sector, specifically focusing on Special Purpose Acquisition Companies.
- Stock Markets – The listing of Blue Gold on Nasdaq involves the Stock Markets industry, showcasing financial growth and public trading aspects.
Financials
- $2,000 per ounce – Gold price at the time of entering the transaction with Perception Capital.
- $3,000 per ounce – Gold price at the time of closing the transaction with Perception Capital.
- 5.1 Moz – The gold resource of the Bogoso Prestea Mine acquired by Blue Gold.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Blue Gold Limited | Target Company | Company | A gold mining company developing assets, including the Bogoso Prestea Mine in Ghana. |
| Perception Capital Corp IV | Bidding Company | Company | A Special Purpose Acquisition Company involved in the business combination with Blue Gold. |
| Andrew Cavaghan | CEO | People | Chief Executive Officer of Blue Gold Limited. |
| Rick Gaenzle | CEO | People | Chief Executive Officer of Perception Capital Corp IV. |
| Cohen & Company Capital Markets | Financial Advisor | Company | Acted as exclusive financial advisor and lead capital markets advisor. |
| Loeb & Loeb LLP | US Legal Advisor | Company | US legal advisor to Perception Capital Corp IV. |
| Duane Morris LLP | US Legal Advisor | Company | US legal advisor to Blue Gold. |
| Mayer Brown LLP | US & UK Legal Advisor | Company | Legal advisor to Blue Gold for both US and UK jurisdictions. |
| Simmons & Simmons | UK Legal Advisor | Company | UK legal advisor to Perception Capital Corp IV. |
| Integri Solicitors & Advocates | Ghanaian Legal Advisor | Company | Ghanaian legal advisor to Perception Capital Corp IV. |
| Kimathi and Partners | Ghanaian Legal Advisor | Company | Ghanaian legal advisor to Blue Gold. |
| Mourant Ozannes (Cayman) LLP | Cayman Islands Legal Advisor | Company | Cayman Islands legal advisor to both Blue Gold and Perception Capital Corp IV. |
| Cibreo Partners LLC | Strategic Advisor | Company | Strategic advisor to both Blue Gold and Perception Capital Corp IV. |
| Tavistock Communications | Communications | Company | Provided communications support for Blue Gold. |