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Blue Gold (BGL) wins equity plan, articles votes and secures $2M facility

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Blue Gold Limited reported results of a virtual extraordinary general meeting and a new financing arrangement. Shareholders approved the 2025 Equity Incentive Plan, with 21,028,399 votes for and 4,186,261 against, representing strong support. They also approved an amendment to the company’s amended and restated articles of association, passing as a special resolution.

The company entered into a Facility Agreement with Kaela Ritchie, providing a drawdown loan facility of up to $2,000,000. The facility is available for six months with a maximum weekly drawdown of $500,000, carries 10% annual interest on drawn amounts, and matures on March 26, 2027. The company may repay early without premium or penalty.

Positive

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Negative

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Insights

Blue Gold gains shareholder backing and a modest $2M credit line.

Blue Gold Limited secured shareholder approval for its 2025 Equity Incentive Plan and changes to its articles of association, with over 82% of votes cast in favor for both proposals. This indicates broad support for the company’s compensation structure and governance updates.

The new $2,000,000 drawdown loan facility with Kaela Ritchie provides short-term funding flexibility at a relatively high 10% annual interest rate and weekly draw limits of $500,000. Actual impact will depend on how much of the facility the company draws before its March 26, 2027 maturity.

Meeting participation 25,326,655 votes Approximately 72% of votes exercisable as of February 23, 2026
Equity plan approval votes 21,028,399 for; 4,186,261 against 2025 Equity Incentive Plan ordinary resolution
Equity plan support share 83.028% for; 16.529% against Percentage of votes cast on 2025 Equity Incentive Plan
Articles amendment approval votes 20,839,669 for; 4,486,792 against Amendment to amended and restated articles of association
Facility size $2,000,000 Maximum drawdown loan facility under agreement with Kaela Ritchie
Weekly drawdown cap $500,000 per week Maximum aggregate drawdown per week during six‑month availability period
Interest rate 10% per year Interest on drawn amounts under Facility Agreement
Facility maturity March 26, 2027 Final maturity date for repayment of balance and interest
extraordinary general meeting regulatory
"Blue Gold Limited held a virtual extraordinary general meeting of the Company"
2025 Equity Incentive Plan financial
"The Blue Gold Limited 2025 Equity Incentive Plan and the material terms thereunder be approved"
articles of association regulatory
"The amended and restated articles of association of Blue Gold Limited currently in effect"
A company's articles of association are its written rulebook that sets how the business is run, how decisions are made, and what rights owners and directors have—covering voting, meetings, appointment and removal of directors, share classes and dividend policies. For investors, these rules matter because they determine how easily control can change, what protections minority owners have, and how corporate actions (like issuing new shares or changing leadership) are approved, much like a home’s bylaws shaping what residents can and cannot do.
Facility Agreement financial
"the Company entered into a Facility Agreement with Kaela Ritchie"
drawdown loan facility financial
"provides for a drawdown loan facility of up to $2,000,000"

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

_________________

FORM 6-K

_________________

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2026

Commission File Number 001-42717

_________________

Blue Gold Limited
(Translation of registrant’s name into English)

_________________

94 Solaris Avenue
Camana Bay
PO Box 1348
Grand Cayman KY1-1108
Cayman Islands
(Address of principal executive offices)

_________________

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F         Form 40-F

 

INFORMATION CONTAINED IN THIS REPORT

Extraordinary General Meeting Results

Blue Gold Limited (the “Company”) held a virtual extraordinary general meeting of the Company at 10:00 a.m. EDT on March 16, 2026 (the “Meeting”). A total of 25,326,655 votes, representing approximately 72% of the votes exercisable as of February 23, 2026, the record date for the Meeting, were present in person or by proxy. The matters submitted to a vote at the Meeting and the voting results of such matters are as follows:

Proposal 1

The Blue Gold Limited 2025 Equity Incentive Plan and the material terms thereunder be approved and adopted.

Shareholders voted to approve and adopt the Blue Gold Limited 2025 Equity Incentive Plan. The resolution was passed as an ordinary resolution. The voting results were as follows:

 

Votes

 

% of
Votes Cast

For

 

21,028,399

 

83.028

%

Against

 

4,186,261

 

16.529

%

Abstain

 

111,995

 

0.442

%

Total Votes Cast

 

25,326,655

 

100.000

%

Proposal 2

The amended and restated articles of association of Blue Gold Limited currently in effect (the “Current Articles”) be amended pursuant to an amendment to the Current Articles, effective immediately.

Shareholders voted to approve an amendment to the Company’s amended and restated articles of association, effective immediately. The resolution was passed as a special resolution. The voting results were as follows:

 

Votes

 

% of
Votes Cast

For

 

20,839,669

 

82.284

%

Against

 

4,486,792

 

17.716

%

Abstain

 

194

 

0.001

%

Total Votes Cast

 

25,326,655

 

100.000

%

Both proposals received the requisite number of votes for approval in accordance with the Company’s articles of association and were duly approved.

Entry into Facility Agreement

On March 26, 2026, the Company entered into a Facility Agreement with Kaela Ritchie that provides for a drawdown loan facility of up to $2,000,000. The facility is available for drawdown by the Company for a period of six months with a maximum aggregate drawdown per week of $500,000. Interest will accrue at 10% per year on the drawn amounts. At maturity, the Company shall repay the balance and interest, provided, that, the Company may repay the balance at any time prior to maturity without premium or penalty. The facility matures on March 26, 2027.

The foregoing description of the facility agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the facility agreement, which is furnished herewith as Exhibit 10.1, and is incorporated herein by reference.

1

EXHIBIT INDEX

Exhibit No.

 

Description

10.1

 

Facility Agreement by and between the Company and Kaela Ritchie, dated March 26, 2026

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: March 31, 2026

 

BLUE GOLD LIMITED

   

By:

 

/s/ Andrew Cavaghan

       

Andrew Cavaghan

       

Chief Executive Officer

3

FAQ

What did Blue Gold Limited (BGL) shareholders approve at the March 2026 extraordinary general meeting?

Shareholders approved the 2025 Equity Incentive Plan and an amendment to the company’s amended and restated articles of association. Both proposals passed comfortably, with more than 82% of votes cast in favor, reflecting broad investor support for the compensation plan and governance changes.

How strong was voting participation at Blue Gold Limited’s March 2026 extraordinary general meeting?

A total of 25,326,655 votes were cast, representing about 72% of votes exercisable as of the February 23, 2026 record date. This relatively high turnout suggests shareholders were engaged on the equity incentive plan and articles of association amendment proposals.

What are the key terms of Blue Gold Limited’s new $2,000,000 facility agreement?

The facility provides a drawdown loan line of up to $2,000,000, available for six months with a $500,000 weekly draw cap. Interest accrues at 10% per year on drawn amounts, with final maturity on March 26, 2027, and no premium or penalty for early repayment.

What interest rate applies under Blue Gold Limited’s facility with Kaela Ritchie?

Interest under the Facility Agreement accrues at 10% per year on amounts actually drawn. This rate only applies to borrowed funds, not the entire $2,000,000 capacity, and the company must repay outstanding principal and interest by March 26, 2027 unless repaid earlier.

How did shareholders vote on Blue Gold Limited’s 2025 Equity Incentive Plan?

For the 2025 Equity Incentive Plan, shareholders cast 21,028,399 votes for, 4,186,261 against, and 111,995 abstaining, out of 25,326,655 total votes. The plan was approved as an ordinary resolution, with about 83% of votes cast in favor and roughly 17% against.

What were the voting results on amending Blue Gold Limited’s articles of association?

Shareholders approved an amendment to the amended and restated articles of association with 20,839,669 votes for, 4,486,792 against, and 194 abstentions. The measure passed as a special resolution, with roughly 82% of votes cast supporting the change and 18% opposing it.

Filing Exhibits & Attachments

1 document