Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 203

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 203
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 the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the company, voting together as a single class. A quorum for such meeting will be present if the holders of at least one third of issued and outstanding shares entitled to vote at the meeting are represented in person or by proxy. Our sponsor, officers and directors will count toward this quorum and, pursuant to the letter agreement, our sponsor, officers and directors have agreed to vote their founder shares, private placement shares and any public shares purchased during or after this offering (including in open market and privately-negotiated transactions, aside from shares they may purchase in compliance with the requirements of Rule 14e-5 under the Exchange Act, which would not be voted in favor of approving the business combination transaction) in favor of our initial business combination. For purposes of seeking approval of an ordinary resolution, non-votes will have no effect on the approval of our initial business combination once a quorum is obtained.

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As a result, if all outstanding shares are voted on
a resolution to approve our initial business combination, in addition to our 5,269,500 initial shareholders’ founder shares and
340,000 private placement shares, if we would require an ordinary resolution, we would need 4,835,250 public shares, or approximately
32.24% of the 15,000,000 public shares sold in this offering, and if we would require a special resolution of two-thirds of our ordinary
shares voted at the meeting, we would need 8,330,168 public shares, or approximately 55.53% of the 15,000,000 public shares sold in this
offering, to be voted in favor of an initial business combination in order to have our initial business combination approved, assuming
in each case that the over-allotment option is not exercised and that the parties to the letter agreement do not acquire any public shares.
Assuming that only the holders of one-third of our issued and outstanding ordinary shares, representing a quorum under our amended and
restated memorandum and articles of association, vote their ordinary shares, regardless of such vote pertains to an ordinary resolution
or a special resolution of two-thirds of our ordinary shares voted at the meeting, we would not need any public shares in addition to
our founder shares and private placement shares to be voted in favor of an initial business combination in