Company: BACC
Filing Date: 2025-03-26
Form Type: DRS
Source: 0001185185-25-000217
Chunk: 43

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-03-26
Form: DRS
Chunk 43
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 conjunction with a proxy solicitation pursuant to Regulation 14A of the Exchange Act, which regulates 
 the solicitation of proxies, and not pursuant to the tender offer rules, and                                             |
| ● | file                                                                                                                     
 proxy materials with the SEC.                                                                                            |

| If                                                                                                                                       
 we seek shareholder approval, we will complete our initial business combination only if we receive an ordinary resolution under Cayman   
 Islands law and our amended and restated 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, voting together as a single class. However, if our initial business combination        
 is structured as a statutory merger or consolidation with another company under Cayman Islands law, the approval of our initial business 
 combination will require a special resolution, which 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       
 of the company, voting together as a single class. A quorum for such meeting will be present if the holders of at least one third        
 of issued and outstanding shares entitled to vote at the meeting are represented in person or by proxy. Our initial shareholders         
 will count toward this quorum and, pursuant to the letter agreement, our sponsor, officers and directors have agreed to vote their       
 founder shares, private placement shares and any public shares purchased during or after this 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 our initial           
 business combination. For purposes of seeking approval of an ordinary resolution, non-votes will have no effect on the approval of       
 our initial business combination once a quorum is obtained.                                                                              |

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| As                                                                                                                                            
 a result, if all outstanding shares are voted on a resolution to approve our initial business combination, in addition to our 5,269,500       
 initial shareholders’ founder shares and 415,000 private placement shares, if we would require an ordinary resolution, we would               
 need 4,807,751 public shares, or approximately 32.1% of the 15,000