Company: BACC
Filing Date: 2025-03-26
Form Type: DRS
Source: 0001185185-25-000217
Chunk: 230

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-03-26
Form: DRS
Chunk 230
---
000 of working capital loans are converted into private placement units, we will be obligated to register up to 6,202,000 Class A ordinary shares and 715,000 private placement rights. The number of Class A ordinary shares includes (i) 5,269,500 Class A ordinary shares to be issued upon conversion of the founder shares, (ii) 565,000 Class A ordinary shares comprising part of the private placement units, (iii) 56,500 Class A ordinary shares to be issued upon conversion of private placement rights as part of the private placement units, (iv) 150,000 Class A ordinary shares comprising part of the private placement units issued upon conversion of working capital loans, (vi) 15,000 Class A ordinary shares to be issued upon conversion of private placement rights as part of the working capital units upon conversion of working capital loans and (vii) 150,000 Class A ordinary shares constituting the representative shares. The number of private placement rights includes 565,000 private placement rights as part of the private placement units and 150,000 private placement rights as part of the working capital units upon the conversion of working capital loans. The holders of these securities are entitled to make up to three demands, excluding short form demands, that we register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to our completion of our initial business combination. Notwithstanding anything to the contrary, BTIG and Roberts & Ryan may only make a demand on one occasion and only during the five-year period beginning on the effective date of the registration statement of which this prospectus forms a part. In addition, BTIG and Roberts & Ryan may participate in a “piggy-back” registration only during the seven-year period beginning on the effective date of the registration statement of which this prospectus forms a part. We will bear the expenses incurred in connection with the filing of any such registration statements.

<div align='center'>Certain relationships and related party transactions</div>

On February 20, 2025, 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.

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