Company: BACC
Filing Date: 2025-03-26
Form Type: DRS
Source: 0001185185-25-000217
Chunk: 158

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-03-26
Form: DRS
Chunk 158
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 business combination we may consummate or (ii) that we will be able to identify a suitable candidate for our initial business combination. Further, in recent years, a number of target businesses have underperformed financially post-business combination. You should not rely on the historical record of our management teams’ or our board’s performance as indicative of our future performance.

<div align='center'>Our Sponsor</div>

Our sponsor is a Delaware limited liability company,
which was recently formed in February 2025 to invest in our company. Although our sponsor is permitted to undertake any activities permitted
under the Delaware Limited Liability Company Act and other applicable law, our sponsor’s business is focused on investing in our
company. Blue Holdings Management LLC is the managing member of our sponsor, and Ketan Seth is the managing member of Blue Holdings Management
LLC. Mr. Seth, as the managing member of Blue Holdings Management LLC, holds voting and investment discretion with respect to the securities
held of record by the sponsor. As of the date hereof, other than Mr. Seth and our other directors and officers, no other person has a
direct or indirect material interest in our sponsor. The non-managing sponsor investors have expressed an interest to purchase non-managing
membership interests in our sponsor, reflecting interests in an aggregate of 365,000 of the 415,000 private placement units (or 376,250 private
placement units of the 426,250 private placement units if the underwriters’ over-allotment option is exercised in full) to be purchased
by our sponsor and an aggregate of 3,271,739 founder shares, in a private placement that will close simultaneously with this offering.
See “Summary — The Offering — Private placement units and constituent securities.” In addition, each of
Ketan Seth, our CEO, and David Bauer, our CFO, will receive an indirect interest in 75,000 founder shares, and each of Dario Dino Ferrari,
Nadim Qureshi and Dr. Kenneth Moritsugu, our independent directors, will receive an indirect interest in 50,000 founder shares, through
membership interests in BHM, but only Mr. Seth, as the managing member of BHM, will have the right to control the sponsor or participate
in any decision regarding the disposal of any security held by the sponsor, or otherwise. Our sponsor has also allocated an indirect interest
in 300,000 founder shares through membership interests in BHM to Alberto Pontonio, a registered broker-dealer