Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 9

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 9
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 directors may approve, the founder shares and private placement units may expire worthless, except to the extent
they receive liquidating distributions from assets outside the trust account, which could create an incentive for our sponsor, executive
officers and directors to complete a transaction even if we select an acquisition target that subsequently declines in value and is unprofitable
for public shareholders. In addition, our officers and directors will receive indirect interests in the founder shares held by Blue Holdings
Management LLC (“BHM”), the managing member of our sponsor. As a result of their indirect interest in the founder
shares through membership interests in BHM, our management team may have a conflict of interest in determining whether a particular target
business is an appropriate business with which to effectuate our initial business combination. In addition, our sponsor has assigned
300,000 founder shares to Alberto Pontonio, a registered broker-dealer associated with Roberts & Ryan, co-manager of this offering.
As a result, Roberts & Ryan may be deemed to have a “conflict of interest” under Rule 5121(f)(5) of the Conduct Rules
of FINRA. Accordingly, this offering will be made in compliance with Rule 5121 of FINRA’s Conduct Rules, pursuant to which (i)
BTIG LLC is primarily responsible for managing the offering, and (ii) Roberts & Ryan is prohibited from making sales to discretionary
accounts without the prior written approval of the account holder. Further, each of our officers and directors may have a conflict of
interest with respect to evaluating a particular business combination if the retention or resignation of any such officers and directors
was included by a target business as a condition to any agreement with respect to our initial business combination. Additionally, commencing
on the date on which our securities are listed on Nasdaq, we will pay BHM an amount equal to $5,000 per month for office space, utilities
and secretarial and administrative support made available to us, as described elsewhere in this prospectus. Upon consummation of this
offering, we will repay up to $300,000 in loans made to us by our sponsor to cover offering-related and organizational expenses.
In the event that following this offering we obtain working capital loans from our sponsor, BHM, certain or our officers or directors
or their respective affiliates to finance transaction costs related to our initial business combination, up to $1,500,000 of such loans
may be convertible into units of the post-business combination entity at a price of $10.00