Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 242

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 242
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claims any beneficial ownership         
 of the reported shares other than to the extent of any pecuniary interest they may have therein, 
 directly or indirectly.                                                                          |

| (4) | Does                                                                                                                                
 not include indirect interest as a member of Blue Holdings Management LLC, the managing member of the sponsor. The managing member  
 has allocated 75,000 founder shares to each of our CEO and CFO,  50,000 founder shares to each of our independent directors,        
 and 25,000 to each of our special advisors, indirectly through membership interests in BHM, upon completion of our initial business 
 combination. The managing member has also allocated an indirect interest in 300,000 founder shares through membership interests in  
 BHM to Alberto Pontonio, a registered broker-dealer associated with Roberts & Ryan, co-manager of this offering.                    |

| (5) | The                                                                                                                                      
 non-managing sponsor investors have expressed to us an interest in purchasing (i) up to an aggregate of approximately $[*] million       
 of the public units, or approximately [*]%, of the public units in this offering (assuming the exercise in full of the underwriters’     
 over-allotment option), and (ii) through the purchase of non-managing sponsor membership interests, an aggregate of 290,000              
 private placement units (or 312,500 if the underwriters’ over-allotment option is exercised in full) at a price of $10.00 per            
 unit ($2,900,000 in the aggregate, or $3,125,000 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 2,717,391 founder shares (or 3,125,000 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