Company: BACC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001185185-25-001689
Chunk: 22

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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as public shareholders, except that (i) the founder shares are subject to certain transfer restrictions, as described in more detail
below, (ii) the founder shares are entitled to registration rights; (iii) our sponsor and the Company’s officers and
directors have entered into a letter agreement with us, pursuant to which they have agreed to (A) waive their redemption rights
with respect to their founder shares, private placement shares and public shares in connection with the completion of the initial Business
Combination, (B) waive their redemption rights with respect to their founder shares, private placement shares and public shares
in connection with a shareholder vote to approve an amendment to our amended and restated memorandum and articles of association (A) to
modify the substance or timing of our obligation to allow redemption in connection with our initial business combination or to redeem
100% of the public shares if we have not consummated an initial business combination within the completion window or (B) with respect
to any other material provisions relating to shareholders’ rights or pre-initial business combination activity, (C) waive
their rights to liquidating distributions from the trust account with respect to their founder shares or private placement shares if
we fail to complete the initial Business Combination within the completion window, although they will be entitled to liquidating distributions
from the Trust Account with respect to any public shares they hold if the Company fails to complete the initial Business Combination
within such time period and to liquidating distributions from assets outside the trust account and (D) vote any founder shares and
private placement shares held by them and any public shares purchased during or after the Initial Public Offering (including in open
market and privately-negotiated transactions, aside from shares they may purchase in compliance with the requirements of Rule 14e-5
under the Exchange Act, which would not be voted in favor of approving the Business Combination transaction) in favor of the initial
Business Combination, (iv) the founder shares are automatically convertible into Class A ordinary shares in connection with
the consummation of the initial Business Combination or earlier at the option of the holder on a one-for-one basis, subject to adjustment
as described herein and in the Company amended and restated memorandum and articles of association, and (v) prior to the closing
of the initial Business Combination, only holders of the Class B ordinary shares will be entitled to vote on the appointment and
removal of directors or