Company: BACC
Filing Date: 2025-05-14
Form Type: CORRESP
Source: 0001185185-25-000466
Chunk: 1

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: CORRESP
Chunk 1
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 37, 107, 151 and throughout the prospectus
has been revised to state that the Company may pay finder’s fees, advisory fees, consulting fees, success fees or salaries to its
sponsor, officers, directors or their affiliates, and that such payments may result in a material dilution of the purchasers’ equity
interests. The disclosure on the cover page also has been revised to state that the Company may engage the sponsor or an affiliate as
an advisor and pay it a salary.

The Offering Ability to extend time to complete business combination, page 23

2. We note your disclosure that “If a majority
of the units sold in this offering are purchased by non-managing sponsor members then it may have a material impact...given the potential
conflict of interest....” Please revise to clarify that regardless of the number of units they purchase, non-managing sponsor investors
will have different interests than other public shareholders in that they will be incentivized to vote for a business combination due
to their indirect interest in founder shares and private units.

: The Company acknowledges the
Staff’s comment, and has added disclosure on page 26 in response to this comment.

Management Team Conflicts of Interest, page 36

3. We note your disclosure on page 36 that your
“sponsor, officers, or directors may sponsor or form other special purpose acquisition companies similar to [yours] or may pursue
other business or investment ventures during the period in which [you] are seeking an initial business combination.” Please clarify
how opportunities to acquire targets will be allocated among SPACs. Please make similar revisions to your disclosure on page 138. Please
refer to Items 1602(b)(7) and 1603(b) of Regulation S-K.

: The Company acknowledges the
Staff’s comment, and has added disclosure on pages 38, 78 and 142 in response to this comment.

Dilution, page 93

4. Please expand your narrative disclosure to
describe each material potential source of future dilution. Your revisions should address, but not necessarily be limited to, the up to
$1,500,000 of working capital loans that may be convertible into private placement units. Reference is made to Item 1602(c) of Regulation
S-K.

: The Company acknowledges the
Staff’s comment, and in response to this comment, the disclosure in the narrative discussion in this section has been revised to
describe the material potential sources of future dilution.

Proposed