Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 245

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 245
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 purchasing,
through the sponsor, the private placement units allocated to it in connection with the closing of this offering, the sponsor will issue
membership interests at a nominal purchase price of $0.004 per underlying founder share to the non-managing sponsor investors reflecting
indirect interests in an aggregate of 2,717,391 founder shares (or 3,125,000 founder shares if the underwriters’ over-allotment
is exercised in full) held by the sponsor. The non-managing sponsor investors are not granted any shareholder or other rights in addition
to those afforded to our other public shareholders, and will only be issued membership interests in the sponsor, with no right to control
the sponsor or vote or dispose of any securities held by the sponsor, including the founder shares and the private placement units held
by the sponsor. The interests of the members of the sponsor are denominated in two classes of membership interest units: (i) class
A membership units representing interests in the founder shares and (ii) class B membership units that will represent an interest
in the private placement units. All members of the sponsor, including the managing member of our sponsor, and any non-managing sponsor
investor that may join the sponsor concurrently with this offering, will hold both classes of membership units representing their proportional
interest in the founder shares and private placement units. Pursuant to an agreement of all members of the sponsor, the management and
control of the sponsor is vested exclusively with the managing member of the sponsor, without any voting, veto, consent or other participation
rights by any non-managing sponsor investors regardless of their respective ownership. As a result of this management structure, non-managing
sponsor investors will have no right to control the sponsor, or participate in any decision regarding the disposal of any security held
by the sponsor, or otherwise.

The non-managing sponsor investors are not required to (i) hold any public units, public 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