Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 216

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 216
---
 $10.00 per public share. The per share amount we will distribute to investors who properly redeem their
shares will not be reduced by the deferred underwriting commissions we will pay to the underwriters. Our sponsor, officers and directors
have entered into a letter agreement with us, pursuant to which they have agreed to waive their redemption rights with respect to their
founder shares, private placement shares and any public shares they may hold in connection with the completion of our initial business
combination. The non-managing sponsor investors are not required to (i) hold any units, Class A ordinary shares or Share Rights
they may purchase in this offering or thereafter for any amount of time, (ii) vote any Class A ordinary shares they may own
at the applicable time in favor of our initial business combination or (iii) refrain from exercising their right to redeem their
public shares at the time of our initial business combination. The non-managing sponsor investors will have the same rights to the funds
held in the trust account with respect to the Class A ordinary shares comprising part of the units they may purchase in this offering
as the rights afforded to our other public shareholders. However, if the non-managing sponsor investors purchase all of the units
for which they have expressed to us an interest in purchasing or otherwise hold a substantial number of our units, then the non-managing
sponsor investors will potentially have different interests than our other public shareholders in approving our initial business combination
and otherwise exercising their rights as public shareholders because of their indirect ownership of founder shares as further discussed
in this prospectus.

<div align='center'>127</div>

Our proposed initial business combination may impose a minimum cash requirement for (i) cash consideration to be paid to the target or its owners, (ii) cash for working capital or other general corporate purposes or (iii) the retention of cash to satisfy other conditions. In the event the aggregate cash consideration we would be required to pay for all Class A ordinary shares that are validly submitted for redemption plus any amount required to satisfy cash conditions pursuant to the terms of the proposed initial business combination exceed the aggregate amount of cash available to us, we will not complete the initial business combination or redeem any shares, and all Class A ordinary shares submitted for redemption will be returned to the holders thereof. We may, however, raise funds through the issuance of equity-linked securities or through loans, advances or other indebtedness in connection with our initial business combination, including pursuant to forward purchase agreements or backstop arrangements we may enter into