Company: BACC
Filing Date: 2025-06-17
Form Type: 8-K
Source: 0001185185-25-000662
Chunk: 4

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-17
Form: 8-K
Item: Item 8.01
Chunk 4
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Item 8.01.
Other Events.

A
total of $201,250,000 of the proceeds from the IPO and the sale of the Private Placement Units (which amount includes up to $7,043,750
of the underwriters’ deferred underwriting commissions), was placed in a U. S.-based trust account maintained by Continental Stock
Transfer & Trust Company, acting as trustee, with the remaining proceeds from the Private Placement Units going to the Company’s
working capital account (a portion of which will be used to pay offering expenses). Except with respect to interest earned on the funds
in the trust account that may be released to the Company to pay its taxes and up to $100,000 for dissolution expenses, the funds held
in the trust account will not be released from the trust account until the earliest of (i) the completion of the Company’s
initial business combination, (ii) the redemption of the Company’s public shares if it is unable to complete its initial business
combination within 21 months from the closing of the IPO (or by such earlier liquidation date as the Company’s board of directors
may approve), subject to applicable law, or (iii) the redemption of the Company’s public shares properly submitted in connection
with a shareholder vote to amend the Company’s Amended and Restated Memorandum and Articles of Association to modify the substance
or timing of its obligation to redeem 100% of the Company’s public shares if it has not consummated an initial business combination
within 21 months from the closing of the IPO or with respect to any other material provisions relating to shareholders’ rights
or pre-initial business combination activity.

On
June 12, 2025, the Company issued a press release announcing the pricing of the IPO, a copy of which is attached as Exhibit 99.1
to this Current Report on Form 8-K.

On
June 16, 2025, the Company issued a press release announcing the closing of the IPO, a copy of which is attached as Exhibit 99.2
to this Current Report on Form 8-K.