Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 370

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 370
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 surviving Company upon completion of the initial Business Combination, each holder of a Share Right will be required to affirmatively convert its Share Rights in order to receive the one tenth (1/10) of one Class A ordinary share underlying each Share Right upon consummation of the Business Combination. The Company will not issue fractional shares in connection with an exchange of Share Rights. Fractional shares will either be rounded down to the nearest whole share or otherwise addressed in accordance with the applicable provisions of Cayman Islands law. As a result, you must hold Share Rights in multiples of 10 in order to receive shares for all of your Share Rights upon closing of a Business Combination. If the Company is unable to complete an initial Business Combination within the required time period and the Company redeems the public shares for the funds held in the Trust Account, holders of Share Rights will not receive any of such funds for their Share Rights and the Share Rights will expire worthless.

Note 9 — Subsequent Events

The Company evaluated subsequent events and transactions that occurred
after February 28, 2025, the balance sheet date, through June 2, 2025, the date that the audited financial statements were available to
be issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure
in the financial statements, other than as disclosed below.

The Sponsor deposited an aggregate of $349,950
into the Company’s bank account, depositing $100,000 in March 2025, $50,000 in April 2025, and $199,950 in May 2025. The $349,950
will be accounted for as a capital contribution by the Sponsor and applied to the Sponsor’s purchase of Private Placement Units
in the private placement that will close simultaneously with the Proposed Public Offering.

In May 2025, the Company effected a share capitalization
for an additional 1,009,988 Class B ordinary shares for no additional consideration, resulting in 7,069,913 Class B ordinary shares outstanding.
Of the 7,069,913 Class B ordinary shares outstanding, up to 922,162 shares are subject to forfeiture to the Company by the Sponsor for
no consideration to the extent that the underwriters’ over-allotment option is not exercised in full or in part. All share and
per-share amounts have been retroactively restated to reflect the share capitalization.

The Company made $148,813 of payments to service
providers subsequent to February 28