Company: BACC
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001185185-25-000892
Chunk: 23

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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memorandum and articles of association, which requires the affirmative vote of a simple majority of the votes cast by such shareholders
as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the Company
is generally required to approve any matter voted on by our shareholders. Approval of certain actions requires a special resolution under
Cayman Islands law, which (except as specified below) requires the affirmative vote of at least two-thirds of the votes cast by such
shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting, and
pursuant to the amended and restated memorandum and articles of association, such actions include amending our amended and restated memorandum
and articles of association and approving a statutory merger or consolidation with another company. There is no cumulative voting with
respect to the appointment of directors, meaning, following our initial business combination, the holders of more than 50% of the ordinary
shares voted for the appointment of directors can elect all of the directors. Prior to the consummation of the initial Business Combination,
only holders of the Class B ordinary shares will (i) have the right to vote on the appointment and removal of directors and
(ii) be entitled to vote on continuing our company in a jurisdiction outside the Cayman Islands (including any special resolution
required to amend the 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). Holders of the Class A ordinary shares will not be
entitled to vote on these matters during such time. These provisions of the amended and restated memorandum and articles of association
may only be amended if approved by a special resolution passed by the affirmative vote of at least 90% (or, where such amendment is proposed
in respect of the consummation of the initial Business Combination, two-thirds) of the votes cast by such shareholders as, being entitled
to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the Company voting together as
a single class.

Rights

 Except in cases where the Company is not the surviving company in a Business Combination, each holder of a Share Right will automatically
receive one tenth (1/10) of one Class A ordinary share upon consummation of the initial Business Combination. In the