Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 249

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 249
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 family member or a new member of the sponsor, may be permitted with the prior consent of Ketan Seth, the managing member of BMH, so long as such transfer complies with the applicable transfer restrictions with respect to such securities to the same extent as the party originally subject to such restrictions.

In addition, for as long as the representative shares, private placement units (and the underlying securities) are held by BTIG, Roberts & Ryan or their respective designees or affiliates, they will be subject to the lock-up and registration rights limitations imposed by FINRA Rule 5110.

<div align='center'>148</div>

Registration Rights

The holders of the (i) founder shares, which
were issued in a private placement prior to the closing of this offering, (ii) private placement units (and the securities comprising
such units) which will be issued in a private placement simultaneously with the closing of this offering, (iii) private placement
units (and the securities comprising such units) that may be issued upon conversion of working capital loans and (iv) representative shares
will have registration rights to require us to register a sale of any of our securities held by them and any other securities of the company
acquired by them prior to the consummation of our initial business combination pursuant to a registration rights agreement to be signed
prior to or on the effective date of this offering. Pursuant to the registration rights agreement and assuming the underwriters exercise
their over-allotment option in full and $1,500,000 of working capital loans are converted into private placement units, we will be obligated
to register up to 6,813,425 Class A ordinary shares and 685,000 private placement rights. The number of Class A ordinary shares includes
(i) 6,059,925 Class A ordinary shares to be issued upon conversion of the founder shares, (ii) 535,000 Class A ordinary shares comprising
part of the private placement units, (iii) 53,500 Class A ordinary shares to be issued upon conversion of private placement rights as
part of the private placement units, (iv) 150,000 Class A ordinary shares comprising part of the private placement units issued upon conversion
of working capital loans, (vi) 15,000 Class A ordinary shares to be issued upon conversion of private placement rights as part of the
working capital units upon conversion of working capital loans and (vii) 150,000 Class A ordinary shares constituting the representative
shares. The number