Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 5

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 5
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many public units are purchased by the non-managing sponsor investors, the post-offering trading volume, volatility and liquidity of
our securities may be reduced relative to what they would have been had the units been more widely offered and sold to other public investors.
We do not expect any purchase of units by the non-managing sponsor investors to negatively impact our ability to meet The Nasdaq Global
Market, or Nasdaq, listing eligibility requirements. In addition, the underwriters have full discretion to allocate the units to investors
and may determine to sell fewer units to the non-managing sponsor investors, or none at all, and the purchase of the non-managing sponsor
membership interests is not contingent upon the participation in this offering or vice versa. The underwriters will receive the same
upfront discounts and commissions and deferred underwriting commissions on units purchased by the non-managing sponsor investors, if
any, as they will on the other units sold to the public in this offering. In addition, none of the non-managing sponsor investors has
any obligation to vote any of their public shares in favor of our initial business combination. Nevertheless, regardless of the number
of units they purchase, the non-managing sponsor investors will have different interests than other public shareholders in that
they will be incentivized to vote their public shares in favor of a business combination due to their indirect ownership through the
sponsor of founder shares and Class A ordinary shares and private placement rights issued as part of the private placement units. Additionally,
these non-managing sponsor investors will have the potential to realize enhanced economic returns from their investments compared to
other investors in this offering. For a discussion of certain additional arrangements with the non-managing sponsor investors, see “ Summary — The Offering — Expressions of Interest” on page 29.

Our sponsor purchased an aggregate of 6,059,925
Class B ordinary shares, par value $0.0001 per share (which we refer to as “founder shares” as further described herein),
for an aggregate purchase price of $25,000, or approximately $0.004 per share. The number of founder shares outstanding was determined
based on the expectation that the total size of this offering would be a maximum of 17,250,000 units if the underwriters’
over-allotment option is exercised in full, and therefore that such founder shares would represent 26% of the outstanding shares after
this offering (excluding the private placement shares). In accordance with our Articles of Association, we subsequently issued