Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 5

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 5
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, the post-offering trading volume, volatility and liquidity of our securities may be reduced relative
to what they would have been had the units been more widely offered and sold to other public investors. We do not expect any purchase
of units by the non-managing sponsor investors to negatively impact our ability to meet The Nasdaq Global Market, or Nasdaq, listing
eligibility requirements. In addition, the underwriters have full discretion to allocate the units to investors and may determine to
sell fewer units to the non-managing sponsor investors, or none at all, and the purchase of the non-managing sponsor membership interests
is not contingent upon the participation in this offering or vice versa. The underwriters will receive the same upfront discounts and
commissions and deferred underwriting commissions on units purchased by the non-managing sponsor investors, if any, as they will on the
other units sold to the public in this offering. In addition, none of the non-managing sponsor investors has any obligation to vote any
of their public shares in favor of our initial business combination. Nevertheless, regardless of the number of units they purchase, the
non-managing sponsor investors will have different interests than other public shareholders in that they will be incentivized to
vote their public shares in favor of a business combination due to their indirect ownership through the sponsor of founder shares and
Class A ordinary shares and private placement rights issued as part of the private placement units. Additionally, these non-managing
sponsor investors will have the potential to realize enhanced economic returns from their investments compared to other investors in
this offering. For a discussion of certain additional arrangements with the non-managing sponsor investors, see “ Summary — The Offering — Expressions of Interest” on page 26.

Our sponsor purchased an aggregate of 6,059,925 Class B
ordinary shares (up to 790,425 of which are subject to surrender to us for no consideration depending on the extent to which the underwriters’
over-allotment option is exercised) for an aggregate purchase price of $25,000, or approximately $0.004 per share. The Class B ordinary
shares will automatically convert into Class A ordinary shares at the time of our initial business combination, or at any time prior thereto
at the option of the holder thereof, on a one-for-one basis, subject to adjustment for share sub-divisions, share capitalizations, reorganizations,
recapitalizations and the like. Because our sponsor acquired the Class B ordinary shares at a nominal price,