Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 159

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 159
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 business combination using cash from the proceeds of this offering and the private placement of the private placement units, the proceeds of the sale of our shares in connection with our initial business combination (pursuant to forward purchase agreements or backstop agreements we may enter into following the consummation of this offering or otherwise), shares issued to the owners of the target, debt issued to bank or other lenders or the owners of the target, other securities issuances, or a combination of the foregoing.

The issuance of additional shares in connection with a business combination to the owners of the target or other investors:

| ● | may                                                                                                                                   
 significantly dilute the equity interest of investors in this offering, which dilution would increase if the anti-dilution provisions 
 in the Class B ordinary shares resulted in the issuance of Class A ordinary shares on a greater than one-for-one basis upon           
 conversion of the Class B ordinary shares;                                                                                            |

| ● | may                                                                                                                               
 subordinate the rights of holders of Class A ordinary shares if preference shares are issued with rights senior to those afforded 
 our Class A ordinary shares;                                                                                                      |

| ● | could                                                                                                                                    
 cause a change in control if a substantial number of our Class A ordinary shares are issued, which may affect, among other things,       
 our ability to use our net operating loss carry forwards, if any, and could result in the resignation or removal of our present officers 
 and directors;                                                                                                                           |

| ● | may                                                                                                                                      
 have the effect of delaying or preventing a change of control of us by diluting the share ownership or voting rights of a person seeking 
 to obtain control of us; and                                                                                                             |

| ● | may                                                                                            
 adversely affect prevailing market prices for our Class A ordinary shares and/or Share Rights. |

Similarly, if we issue debt securities or otherwise incur significant debt to bank or other lenders or the owners of a target, it could result in:

| ● | default                                                                                                                                       
 and foreclosure on our assets if our operating revenues after an initial business combination are insufficient to repay our debt obligations; |

| ● | acceleration                                                                                                                             
 of our obligations to repay the indebtedness even if we make all principal and interest payments when due if we breach certain covenants 
 that require the maintenance of certain financial ratios or reserves without a waiver or renegotiation of that covenant;                 |

| ● | our                                                                                                         
 immediate payment of all principal and accrued interest, if any, if the debt security is payable on demand; |

| ● | our                                                                                                                                         
 inability to obtain necessary additional financing if