Company: BACC
Filing Date: 2025-03-26
Form Type: DRS
Source: 0001185185-25-000217
Chunk: 223

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-03-26
Form: DRS
Chunk 223
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 at a price of $10.00 per unit ($3,650,000 in the aggregate, or $3,762,500 if the over-allotment is exercised     
 in full) in a private placement that will close simultaneously with the closing of this offering. Subject to each non-managing sponsor        
 investor purchasing, through the sponsor, the private placement units allocated to it in connection with the closing of this offering,        
 the sponsor will issue membership interests at a nominal purchase price of $0.004 per underlying founder share to the non-managing sponsor    
 investors at the closing of this offering reflecting indirect interests in an aggregate of 3,271,739 founder shares (or 3,762,500 founder     
 shares if the underwriters’ over-allotment is exercised in full) held by sponsor. The purchase of the non-managing sponsor membership         
 interests is not contingent upon their participation in this offering or vice versa. The non-managing sponsor investors are not granted       
 any shareholder or other rights in addition to those afforded to our other public shareholders, and will only be issued membership interests  
 in the sponsor, with no right to control the sponsor or vote or to dispose of any securities held by the sponsor, including the founder       
 shares and private placement units held by the sponsor.                                                                                       |

Immediately after this offering, our initial shareholders will beneficially own 26% of the then issued and outstanding ordinary shares (assuming they do not purchase any units in this offering and excluding the private placement shares). Prior to the closing of our initial business combination, only holders of our Class B ordinary shares will be entitled to vote on the appointment and removal of directors or continuing the company in a jurisdiction outside the Cayman Islands (including any special resolution required to amend our constitutional documents or to adopt new constitutional documents, in each case, as a result of our approving a transfer by way of continuation in a jurisdiction outside the Cayman Islands). Because of this ownership block, our initial shareholders may be able to effectively influence the outcome of all other matters requiring approval by our shareholders, including the appointment of directors or continuing the company in a jurisdiction outside the Cayman Islands (including any special resolution required to amend our constitutional documents or to adopt new constitutional documents, in each case, as a result of our approving a transfer by way of continuation in a jurisdiction outside the Cayman Islands), and approval of significant corporate transactions including our initial business combination.

Our sponsor and BTIG and Roberts & Ryan have committed, pursuant
to written agreements, to purchase from us an aggregate