Company: BACC
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001185185-25-000892
Chunk: 19

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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. The Company’s ability to consummate
an initial Business Combination could be impacted by, among other things, changes in laws or regulations, downturns in the financial markets
or in economic conditions, inflation, fluctuations in interest rates, increases in tariffs, supply chain disruptions, declines in consumer
confidence and spending, public health considerations, and geopolitical instability, such as the military conflicts in Ukraine and the
Middle East. The Company cannot at this time predict the likelihood of one or more of the above events, their duration or magnitude or
the extent to which they may negatively impact the Company’s ability to complete an initial Business Combination.

Registration
Rights

The holders of founder shares, Private Placement
Units (and their underlying securities) and Units that may be issued upon conversion of working capital loans (and their underlying
securities), if any, the Representative Shares and any Class A ordinary shares issuable upon conversion of the founder shares and
any Class A ordinary shares held by the initial shareholders at the completion of the Initial Public Offering or acquired prior to
or in connection with the initial Business Combination, will be entitled to registration rights pursuant to a registration rights agreement
to be signed prior to or on the effective date of the registration statement for the Initial Public Offering. These holders will be entitled
to make up to three demands and have piggyback registration rights. The Company will bear the expenses incurred in connection with the
filing of any such registration statements.

12

BLUE ACQUISITION CORP.
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2025

Underwriting
Agreement

The Company will grant the underwriters a 45-day
option from the date of the Initial Public Offering to purchase an additional 2,625,000 units to cover over-allotments, if any.

The underwriters will be entitled to a cash underwriting
discount of 2.00% of the gross proceeds of the Initial Public Offering, or $3,500,000 (or $4,025,000 if the underwriters’ over-allotment
is exercised in full), payable upon the closing of the Initial Public Offering. Additionally, the underwriters will be entitled to a deferred
underwriting discount of 3.5% of the gross proceeds of the Initial Public Offering, or $6,125,000 (or $7,043,750 if the overallotment
option is exercised in full) in the aggregate.