Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 325

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 325
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 commissions to be placed in a trust account located in the United States. The deferred commissions will be released to the underwriters    
 only on completion of an initial business combination. The deferred commissions will be payable as follows: (i) $0.20 per unit sold        
 in this offering shall be paid to the underwriter in cash, and (ii) $0.15 per unit sold in this offering shall be paid to the underwriters 
 in cash based on the funds remaining in the trust account after giving effect to public shares that are redeemed in connection with        
 an initial business combination.                                                                                                           |

If we do not complete our initial business combination within the time period required by its amended and restated memorandum and articles of association, the underwriters have agreed that (i) they will forfeit any rights or claims to their deferred underwriting discounts and commissions, including any accrued interest thereon, then in the trust account, and (ii) that the deferred underwriters’ discounts and commissions will be distributed on a pro ratabasis, together with any interest earned on the funds held in the trust account and not previously released to the company to pay the company’s taxes, to the public shareholders.

Representative Shares

We have agreed to issue to the underwriters, or
their designees, at or prior to the closing of this offering, 175,000 representative shares for $0.001 per share. The holders of the
representative shares have agreed not to transfer, assign or sell any such shares without our prior consent until the completion of our
initial business combination. In addition, the holders of the representative shares have agreed (i) to waive their conversion rights
(or right to participate in any tender offer) with respect to such shares in connection with the completion of our initial business combination
and (ii) to waive their rights to liquidating distributions from the trust account with respect to such shares if we fail to complete
our initial business combination within 21 months from the closing of this offering.

The representative shares have been deemed compensation by FINRA and are therefore subject to a lock-up for a period of 180 days immediately following the date of the effectiveness of the registration statement of which this prospectus forms a part pursuant to Rule 5110(e)(1) of the FINRA Manual. Pursuant to FINRA Rule 5110(e)(1), these securities will not be sold during the offering, or sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging,