Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 243

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 243
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 sponsor,      
 with no right to control the sponsor or vote or to dispose of any securities held by the sponsor, including the founder shares and       
 private placement units held by the sponsor.                                                                                             |

Immediately after this offering, our initial shareholders
will beneficially own 26,8% of the then issued and outstanding ordinary shares (assuming they do not purchase any units in this offering
and excluding the private placement shares). Prior to the closing of our initial business combination, only holders of our Class B
ordinary shares will be entitled to vote on the appointment and removal of directors or continuing the 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). Because of
this ownership block, our initial shareholders may be able to effectively influence the outcome of all other matters requiring approval
by our shareholders, including the appointment of directors or continuing the 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), and approval of significant corporate
transactions including our initial business combination.

Our sponsor and BTIG and Roberts & Ryan have committed,
pursuant to written agreements, to purchase from us an aggregate of 490,000 private placement units (or 535,000 private placement units
if the underwriters’ over-allotment option is exercised in full) at $10.00 per unit for an aggregate purchase price of $4,900,000
(or $5,350,000 if the underwriters’ over-allotment option is exercised in full) in a private placement that will close simultaneously
with the closing of this offering. Of those 490,000 private placement units (or 535,000 private placement units if the underwriters’
exercise their over-allotment option in full), our sponsor has agreed to purchase 340,000 private placement units (or 362,500 units
if the underwriters’ over-allotment option is exercised in full) and BTIG and Roberts & Ryan have agreed to purchase 150,000
private placement units (or 172,500 private placement units if the underwriters’ over-allotment option is exercised in full).
The non-managing sponsor investors have