Company: BACC
Filing Date: 2025-11-19
Form Type: 425
Source: 0001185185-25-001807
Chunk: 9

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-11-19
Form: 425
Chunk 9
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 any limitations as to “materiality” or any similar limitation set forth herein)
in all respects on and as of the date of the Business Combination Agreement and as of the Closing Date, as though made on and as of the
Closing Date, except where the failure of such representations and warranties to be true and correct, individually and in the aggregate
has not had a SPAC Material Adverse Effect (as defined in the Business Combination Agreement); (iv) Blue having performed in all material
respects its obligations and complied in all material respects with the covenants and agreements under the Business Combination Agreement
required to be performed or complied with by Blue on or prior to the Closing Date; (v) the Amended Registration Rights Agreement (as defined
below) being in full force and effect as of the Closing: and (vi) the sum of (i) the aggregate cash proceeds available for release from
the Trust Account (after giving effect to the completion and payment of the Redemption), plus(ii) the net proceeds of any Transaction
Financings, shall equal or exceed $75,000,000 after deducting all Expenses (as defined in the Business Combination Agreement) of Blue
and Blockfusion.

Unless waived by Blue, the
obligations of Blue to consummate the Transactions are subject to the satisfaction of the following closing conditions, in addition to
customary certificates and other closing deliveries: (i) the representations of Blockfusion relating to organization and standing, authorization, non-contravention, capitalization (other than the first sentence of such representation in the Business Combination Agreement) and finders and brokers being true and correct (without giving effect to any limitation as
to “materiality” set forth therein) in all material respects on and as of the date of the Business Combination Agreement and
as of the Closing Date; (ii) the representations and warranties set forth in the first sentence of the capitalization representation being
true and correct in all respects on and as of the date of the Business Combination Agreement and as of the Closing Date; (iii) all other
representations and warranties of Blockfusion being true and correct (without giving effect to any limitation as to “materiality”
or “Material Adverse Effect” or any similar limitation set forth herein) in all respects on and as of the date of the Business
Combination Agreement and on and as of the Closing Date, except where the failure of such representations and warranties to be true and
correct, individually and in the aggregate has not had