Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 300

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 300
---
 the right to vote on the appointment and removal of directors. Our board of directors may, by a vote of a majority of our directors then in office, appoint any person to be a director, either to fill a vacancy or as an additional director.

<div align='center'>172</div>

Securities Eligible for Future Sale

Immediately after this offering we will have 24,362,500 (or 27,962,163
if the underwriters’ over-allotment option is exercised in full) ordinary shares outstanding. Of these shares, the Class A
ordinary shares sold in this offering (17,500,000 Class A ordinary shares if the underwriters’ over-allotment option is not
exercised and 20,125,000 shares if the underwriters’ over-allotment option is exercised in full) will be freely tradable without
restriction or further registration under the Securities Act, except for any Class A ordinary shares purchased by one of our affiliates
within the meaning of Rule 144 under the Securities Act. All of the outstanding founder shares (6,147,750, founder shares if the
underwriters’ over-allotment option is not exercised and 7,069,913 founder shares if the underwriters’ over-allotment option
is exercised in full), all of the 175,000 representative shares and all 539,750 private placement units (or 592,250 private placement
units if the underwriters’ overallotment option is exercised in full) including their underlying securities will be restricted
securities under Rule 144, in that they were issued in private transactions not involving a public offering.

Rule 144

Pursuant to Rule 144, a person who has beneficially owned restricted shares or Share Rights for at least six months would be entitled to sell their securities provided that (i) such person is not deemed to have been one of our affiliates at the time of, or at any time during the three months preceding, a sale and (ii) we are subject to the Exchange Act periodic reporting requirements for at least three months before the sale and have filed all required reports under Section 13 or 15(d) of the Exchange Act during the 12 months (or such shorter period as we were required to file reports) preceding the sale.

Persons who have beneficially owned restricted shares or Share Rights for at least six months but who are our affiliates at the time of, or at any time during the three months preceding, a sale, would be