Company: BACC
Filing Date: 2025-03-26
Form Type: DRS
Source: 0001185185-25-000217
Chunk: 225

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-03-26
Form: DRS
Chunk 225
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ii) will be entitled to registration rights.

If we do not complete our initial business combination within the completion window, the private placement units (and the securities comprising such units) will expire worthless. The private placement units and the securities comprising a part thereof are subject to the transfer restrictions described below.

Blue Holdings Sponsor LLC, our sponsor, our officers and directors and Alberto Pontonio are deemed to be our “promoters” as such term is defined under the federal securities laws.

Expression of Interest

The non-managing sponsor investors have expressed to us an interest in purchasing an aggregate of approximately $[*] million of the public units in this offering at the offering price, or approximately [*]%, of the public units in this offering at the offering price (assuming the exercise in full of the underwriters’ over-allotment option). None of the non-managing sponsor investors has expressed to us an interest in purchasing more than 9.9% of the units to be sold in this offering.

Subject to each non-managing sponsor investor 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 3,271,739 founder shares (or 3,762,500 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