Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 219

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 219
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 offering, and if we would require a special resolution of two-thirds of our ordinary shares voted at the meeting,
we would need 9,729,168 public shares, or approximately 55.60% of the 17,500,000 public shares sold in this offering, to be voted in favor
of an initial business combination in order to have our initial business combination approved, assuming in each case that the over-allotment
option is not exercised and that the parties to the letter agreement do not acquire any public shares. Assuming that only the holders
of one-third of our issued and outstanding ordinary shares, representing a quorum under our amended and restated memorandum and articles
of association, vote their ordinary shares, regardless of such vote pertains to an ordinary resolution or a special resolution of two-thirds
of our ordinary shares voted at the meeting, we would not need any public shares in addition to our founder shares and private placement
shares to be voted in favor of an initial business combination in order to approve an initial business combination. In addition, prior
to the closing of our initial business combination, only holders of our Class B ordinary shares (i) will have the right to appoint
and remove directors prior to or in connection with the completion of our initial business combination and (ii) will be entitled
to vote on continuing our company in a jurisdiction outside the Cayman Islands (including any special resolution required to amend our
constitutional documents or to adopt new constitutional documents, in each case, as a result of our approving a transfer by way of continuation
in a jurisdiction outside the Cayman Islands). These quorum and voting thresholds, and the voting agreement of our sponsor, officers and
directors, may make it more likely that we will consummate our initial business combination. Each public shareholder may elect to redeem
their public shares irrespective of whether they vote for or vote against the proposed transaction, or whether they do not vote or abstain
from voting on the proposed transaction, or whether they were a public shareholder on the record date for the general meeting held to
approve the proposed transaction.

If a shareholder vote is not required and we do not decide to hold a shareholder vote for business or other legal reasons, we will:

| ● | conduct the redemptions pursuant to Rule 13e-4 and Regulation 14E of the Exchange Act, which regulate issuer tender offers, and |

| ● | file tender offer documents with the SEC prior to completing our initial business combination which contain substantially the same financial and other information