Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 113

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 113
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/or Share Right holders to recognize gain or income for tax purposes; effect a business combination with a target company in another jurisdiction; or reincorporate in a different jurisdiction (including, but not limited to, the jurisdiction in which the target company or business is located). We do not intend to make any cash distributions to shareholders or Share Right holders to pay taxes in connection with our business combination or thereafter. Accordingly, a shareholder or a Share Right holder may need to satisfy any liability resulting from our initial business combination with cash from its own funds or by selling all or a portion of the shares or Share Rights received. In addition, shareholders and Share Right holders may also be subject to additional income, withholding or other taxes with respect to their ownership of us after our initial business combination.

In addition, we may effect a business combination with a target company that has business operations outside of the United States, and possibly, business operations in multiple jurisdictions. If we effect such a business combination, we could be subject to significant income, withholding and other tax obligations in a number of jurisdictions with respect to income, operations and subsidiaries related to those jurisdictions. Due to the complexity of tax obligations and filings in other jurisdictions, we may have a heightened risk related to audits or examinations by U.S. federal, state and local and non-U.S. taxing authorities. This additional complexity and risk could have an adverse effect on our after-tax profitability and financial condition.

The share price of the combined company may decline after our initial business combination below the initial value of the units sold in this offering.

Each unit in this offering, which has an offering
price of $10.00, consists of one Class A ordinary share and one right which entitles the holder thereof to receive one-tenth of (1/10) of
one Class A ordinary share upon consummation of our initial business combination. Of the proceeds we receive from this offering and
from the sale of the private units described in this prospectus, $150,000,000, or $172,500,000 if the underwriters’ overallotment
option is exercised in full ($10.00 per unit in either case), will be placed in our trust account. We will provide our public shareholders
with the opportunity to redeem all or a portion of their Class A ordinary shares in connection with the completion of our initial business
combination, and potentially upon the occurrence of certain other events prior to our initial business combination. We expect that the
pro rata redemption price in any redemption will be approximately $10.