Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 177

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 177
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 per share, our public shareholders will incur immediate and material dilution upon the closing of this offering.
Further, the Class A ordinary shares issuable in connection with the conversion of the founder shares may result in material dilution
to our public shareholders due to the anti-dilution rights of our founder shares that may result in an issuance of Class A
ordinary shares on a greater than one-for-one basis upon conversion. Additionally, our public shareholders may experience dilution
from the conversion of the 490,000 private placement rights into 49,000 Class A ordinary shares (or 535,000 private placement rights
converting into 53,500 Class A ordinary shares if the underwriters’ over-allotment option is exercised in full) to be purchased
in the private placement simultaneously with the closing of this offering. Further, our public shareholders may experience material dilution
if the $1,500,000 in working capital loans is fully advanced by the sponsor and the sponsor elects to convert the working capital loans
into private placement units at $10.00 per unit, resulting in the sponsor receiving an additional 150,000 private placement units. See the section titled “ 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,”and “Dilution.”

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The founder shares will automatically convert into Class A ordinary shares at the time of our initial business combination, or at any time prior thereto at the option of the holder thereof, on a one-for-one basis, subject to adjustment as provided herein. In the case that additional Class A ordinary shares, or equity-linked securities, are issued or deemed issued in excess of the amounts sold in this offering and related to the closing of our initial business combination, the ratio at which Class B ordinary shares shall convert into Class A ordinary shares will be adjusted (unless the holders of a majority of the outstanding Class B ordinary shares agree to waive such anti-dilution adjustment with respect to any such issuance or deemed issuance) so that the number of Class A ordinary shares issuable upon conversion of all Class B ordinary shares will equal, in the aggregate, on an as-converted basis, 26% of the total number of all ordinary shares outstanding upon completion of this offering plus all Class A ordinary shares and equity-linked securities issued or deemed issued in connection with our initial