Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 232

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 232
---
 offer period, as applicable, to submit or tender its shares if it wishes to seek to exercise its redemption rights.                     |     | Many blank check companies                                                                                                           
 provide that a shareholder can vote against a proposed business combination and check a box on the proxy card indicating that such   
 shareholder is seeking to exercise its redemption rights. After the business combination is approved, the company would contact such 
 shareholder to arrange for delivery of its share certificates to verify ownership.                                                   |
| Limitation                                                                                                                   
 on redemption rights of shareholders holding more than 15% of the shares sold in this offering if we hold a shareholder vote |     | If we seek shareholder                                                                                                                  
 approval of our initial business combination and we do not conduct redemptions in connection with our initial business combination      
 pursuant to the tender offer rules, our amended and restated memorandum and articles of association provide that a public shareholder,  
 together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert as a “group”        
 (as defined under Section 13 of the Exchange Act), will be restricted from seeking redemption rights with respect to Excess             
 Shares without our prior consent. However, we would not restrict our shareholders’ ability to vote all of their shares (including       
 Excess Shares) for or against our initial business combination.                                                                         |     | Many blank check companies                                                                                                           
 provide no restrictions on the ability of shareholders to redeem shares based on the number of shares held by such shareholders in   
 connection with an initial business combination.                                                                                     |

Competition

In identifying, evaluating and selecting a target business for our initial business combination, we may encounter competition from other entities having a business objective similar to ours, including other special purpose acquisition companies, private equity groups and leveraged buyout funds, public companies and operating businesses seeking strategic acquisitions. Many of these entities are well established and have extensive experience identifying and effecting business combinations directly or through affiliates. Moreover, many of these competitors possess similar or greater financial, technical, human and other resources than us. Our ability to acquire larger target businesses will be limited by our available financial resources. This inherent limitation gives others an advantage in pursuing the acquisition of a target business. Furthermore, our obligation to pay cash in connection with our public shareholders who exercise their redemption rights may reduce the resources available to us for our initial business combination and our issued and outstanding rights, and the future dilution they potentially represent, may not be viewed favorably by certain target businesses. Either of these factors may place us at a competitive