Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 192

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 192
---
 through the purchase of non-managing membership interests, an aggregate of 314,750 private placement units (or 341,000 private   
 placement units if the over-allotment is exercised in full) at a price of $10.00 per unit ($3,147,500 in the aggregate, or $3,410,000       
 if the over-allotment option is exercised in full) in a private placement that will close simultaneously with the closing of this offering. 
 The purchase of the non-managing sponsor membership interests is not contingent upon the participation in this offering or vice versa.      |

| (3) | Although                                                                                                                              
 no terms for any such arrangements have been determined and no written agreements exist with respect to such arrangements, if such    
 compensation is substantial it could result in material dilution to the equity interests of the public Class A ordinary shareholders. |

Because our sponsor acquired the founder shares at a nominal price
of $0.004 per share, our public shareholders will incur immediate and material dilution upon the closing of this offering. Further, the
Class A ordinary shares issuable in connection with the conversion of the founder shares may result in material dilution to our public
shareholders due to the anti-dilution rights of our founder shares that may result in an issuance of Class A ordinary shares
on a greater than one-for-one basis upon conversion. Additionally, our public shareholders may experience dilution from the conversion
of the 539,750 private placement rights into 53,975 Class A ordinary shares (or 592,250 private placement rights converting into 59,225
Class A ordinary shares if the underwriters’ over-allotment option is exercised in full) to be purchased in the private placement
simultaneously with the closing of this offering. Further, our public shareholders may experience material dilution if the $1,500,000
in working capital loans is fully advanced by the sponsor and the sponsor elects to convert the working capital loans into private placement
units at $10.00 per unit, resulting in the sponsor receiving an additional 150,000 private placement units. See the section titled “ Risk Factors — Risks Relating to our Securities — The nominal purchase price paid by our sponsor for the founder shares may result in significant dilution to the implied value of your public shares upon the consummation of our initial business combination,”and “Dilution.”

<div align='center'>113</div>

The founder shares will automatically convert into Class A ordinary shares at