Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 138

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 138
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 be voted in favor
of our initial business combination to have our initial business combination approved.

<div align='center'>84</div>

The nominal purchase price paid by our initial shareholders for the founder shares may result in significant dilution to the implied value of your public shares upon the consummation of our initial business combination, and our initial shareholders are likely to make a substantial profit on its investment in us in the event we consummate an initial business combination, even if the business combination causes the trading price of our ordinary shares to materially decline.

We are offering our units at an offering price
of $10.00 per unit and the amount in our trust account is initially anticipated to be $10.00 per public share, implying an initial value
of $10.00 per public share. However, prior to this offering, our initial shareholders paid a nominal aggregate purchase price of $25,000
for the founder shares, or approximately $0.004 per share. As a result, the value of your public shares may be significantly diluted
upon the consummation of our initial business combination, when the founder shares are converted into public shares.

The following table shows the public shareholders’ and our initial
shareholders’ investment per share and how these compare to the implied value of one Class A ordinary share upon the completion
of our initial business combination. The following table assumes that (i) our valuation is $168,875,000 (which is the amount we would
have in the trust account for our initial business combination assuming the underwriters’ over-allotment option is not exercised
and following payment of the underwriters’ deferred fee and excluding $1,150,000 held outside of the trust account for working capital),
(ii) no interest is earned on the funds held in the trust account, (iii) no public shares are redeemed in connection with our
initial business combination and (iv) all founder shares are held by our initial shareholders upon completion of our initial business
combination, and does not take into account other potential impacts on our valuation at the time of the initial business combination,
such as (i) the value of our public and private placement units (and the securities comprising such units), (ii) the trading
price of our Class A ordinary shares, (iii) the initial business combination transaction costs (other than the payment of $9,625,000
of deferred underwriting commissions), (iv) any equity issued or cash paid to the target’s sellers, (v) any equity issued
to