Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 8

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 8
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 except as required by law. Collectively, the initial shareholders
6,147,750 Class B ordinary shares and 364,750 Class A ordinary shares underlying its private placement units will represent 26.7% of
all ordinary shares outstanding following the consummation of this offering and the private placement of the units, assuming that the
underwriters’ over-allotment option is not exercised. See “ Summary — The Offering — Our Sponsor” on page 20 for further discussion on our sponsor’s and our affiliates’ securities; “ Summary — The Offering — Transfer restrictions on founder shares” on page 24, “ Summary — The Offering — Founder shares conversion and anti-dilution rights” on page 25, “ Summary — The Offering — Appointment and removal of directors and continuing the company outside of the Cayman Islands; voting rights” on page 25, “ Risk Factors — Risks Relating to our Securities — The nominal purchase price paid by our sponsor for the founder shares may result in significant dilution to the implied value of your public shares upon the consummation of our initial business combination”on page 85, and “— Risks Relating to our Securities — We may issue additional ordinary shares or preference shares to complete our initial business combination or under an employee incentive plan after completion of our initial business combination. We may also issue Class A ordinary shares upon the conversion of the Class B ordinary shares at a ratio greater than one-to-one at the time of our initial business combination as a result of the anti-dilution provisions contained in our amended and restated memorandum and articles of association. Any such issuances would dilute the interest of our shareholders and likely present other risks” on page 64.

As more fully discussed in “ Management — Conflicts of Interest”on page 147, each of our officers and directors presently has, and any of them in the future may have additional, fiduciary, contractual or other obligations or duties to one or more other entities pursuant to which such officer or director is or will be required to present a business combination opportunity to such entities.The low price that our sponsor, executive officers
and directors (directly or indirectly) paid for the founder shares creates an incentive whereby our officers and directors could potentially
make a substantial profit even if we select an acquisition target that subsequently declines in value and is unprofitable for public
shareholders. If we are unable to complete our initial business combination within the completion window, or by such earlier liquidation
date as our board of