Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 165

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 165
---
otment option
is exercised) upon the conversion of the private placement units share rights. The price per share in this offering will be deemed to
be $9.09 which is determined by considering the total proceeds received of $175,000,000 upon the sale of the 17,500,000 Units divided
by the total number of Class A ordinary shares assumed upon the close of 19,250,000, which is the total of 17,500,000 Class A ordinary
shares ascribed to the units sold and the 1,750,000 Class A ordinary shares upon the conversion of the Share Rights of the Public Units.
Further, the issuance of additional ordinary or preference shares may significantly dilute the equity interest of public shareholders,
which dilution would even further increase if the anti-dilution provisions in the Class B ordinary shares resulted in the issuance
of Class A ordinary shares on a greater than one-to-one basis upon conversion of the Class B ordinary shares.

As of February 28, 2025, our net tangible book deficit was $(18,741), or approximately $(0.00) per Class B ordinary share. The following table illustrates what the Adjusted NTBVPS at February 28, 2025 would have been to the public shareholders on a pro forma basis to give effect to this offering and the issuance of the private placement units, assuming the full exercise and no exercise of the over-allotment option, as compared to the adjusted price per unit and assumes the issuance of 1/10 thof a share for each right outstanding, as such issuance will occur upon a business combination without the payment of additional consideration:

| As of February 28, 2025                         |                                      |     |                |      |     |            |      |     |                |      |     |            |      |     |                |      |     |            |      |     |                    |       |   |     |            |       |
|:------------------------------------------------|-------------------------------------:|:----|:---------------|-----:|:----|:-----------|-----:|:----|:---------------|-----:|:----|:-----------|-----:|:----|:---------------|-----:|:----|:-----------|-----:|:----|:-------------------|:------|:--|:----|:-----------|------:|
| Offering Price of                               
 $10.00 per Unit                                 |                                      |     | 25% of Maximum 
 Redemption     |