Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 129

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 129
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 the full amount of our units described herein and so long as they hold a substantial portion of the units purchased, the sponsor and the non-managing sponsor investors would collectively own a significant number of our shares. Therefore, in the event that the non-managing sponsor investors purchase the full amount of units described herein, continue to hold the shares included in the units and individually decide to vote such shares in favor of our initial business combination, we would not need any additional public shares sold in this offering to be voted in favor of our initial business combination to have our initial business combination approved.

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The nominal purchase price paid by our sponsor 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 sponsor is 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 sponsor 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 sponsor’s 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 $144,750,000 (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