Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 89

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 89
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, 50,000,000 Class B
ordinary shares, par value $0.0001 per share, and 5,000,000 preference shares, par value $0.0001 per share. Immediately after this offering,
there will be 484,360,000 and 44,730,500 (assuming in each case that the underwriters have not exercised their over-allotment option and
the surrender of 790,425 Class B ordinary shares) authorized but unissued Class A ordinary shares and Class B ordinary
shares, respectively, available for issuance which amount does not take into account shares reserved for issuance upon conversion of outstanding
Share Rights and private placement rights or shares issuable upon conversion of the Class B ordinary shares. The Class B ordinary
shares are automatically convertible into Class A ordinary shares (which such Class A ordinary shares delivered upon conversion
will not have any redemption rights or be entitled to liquidating distributions from the trust account if we fail to consummate an initial
business combination) concurrently with or immediately following the consummation of our initial business combination or earlier at the
option of the holder, initially at a one-for-one ratio but subject to adjustment as set forth herein and in our amended and restated memorandum
and articles of association, including in certain circumstances in which we issue Class A ordinary shares or equity-linked securities
related to our initial business combination. Immediately after this offering, there will be no preference shares issued and outstanding.

We may issue a substantial number of additional Class A ordinary shares or preference shares to complete our initial business combination or under an employee incentive plan after completion of our initial business combination. While these private share issuances result in costs particular to the de-SPAC process that would not be anticipated in a traditional IPO, the purpose of such issuances, in part, will be to enable us to provide sufficient liquidity and capital to the post-business combination entity. Unlike a traditional IPO, as a SPAC, our shareholders have a right to cause us to redeem their public shares immediately before closing our initial business combination. In the event that a substantial number of our public shareholders elect to redeem, we would have less cash available at closing for the post-business combination company and may have an increased need to issue additional ordinary shares or preference shares or obtain additional financing. Such private share issuances, if any, would need to ensure a return on investment to the private placement investors in return for providing funds facilitating our and our sponsor’s completion of the business combination, as well as providing liquidity and capital