Company: BACC
Filing Date: 2025-03-26
Form Type: DRS
Source: 0001185185-25-000217
Chunk: 221

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-03-26
Form: DRS
Chunk 221
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 2022, Blue Holdings Sponsor LLC, our sponsor paid $25,000, or approximately $0.004 per share, to cover certain of our offering costs in exchange for 6,059,925 founder shares.

Prior to the initial investment in the company of $25,000 by the sponsor, the company had no assets, tangible or intangible. The purchase price of the founder shares was determined by dividing the amount of cash contributed to the company by the number of founder shares issued. The number of founder shares outstanding was determined based on the expectation that the total size of this offering would be a maximum of 17,250,000 units if the underwriters’ over-allotment option is exercised in full, and therefore that such founder shares would represent 26% of the outstanding shares after this offering (excluding the private placement shares). Up to 790,425 of the founder shares will be surrendered for no consideration depending on the extent to which the underwriters’ over-allotment is exercised. The non-managing sponsor investors have expressed to us an interest in purchasing up to an aggregate of approximately $[*] million of the public units, or approximately [*]%, of the public units in this offering at the offering price (assuming the exercise in full of the underwriters’ over-allotment option). The post-offering numbers and percentages presented in the following table assume that the underwriters do not exercise their over-allotment option, that 790,425 founder shares have been surrendered to us for no consideration and that there are 20,984,500 ordinary shares issued and outstanding after this offering.

|                                                                      |     | Number of    
 Class A      
 Ordinary     
 Shares       |         |     | Approximate   
 Percentage of 
 Outstanding   
 Class A       
 Ordinary      
 Shares        |   |     |          |     |   |     | Number of    
 Class B      
 Ordinary     
 Shares       |           |     | Approximate   
 Percentage of 
 Outstanding/  
 Class B       
 Ordinary      
 Shares        |       |   |     |          |       |   |
| Name and Address of Beneficial Owner(1)                              |     | Beneficially 
 Owned        |         |     | Before        
 Offering      |   |     | After    
 Offering |     |   |     | Beneficially 
 Owned(2)     |           |     | Before        
 Offering      |       |   |     | After    
 Offering |       |   |
| Blue Holdings Sponsor LLC(3)(6)                                      |     |