Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 304

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 304
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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 subject to additional restrictions, by which such person would be entitled to sell within any three-month period only a number of securities that does not exceed the greater of:

| ● | 1% of the total number of Class A ordinary shares then outstanding,                                                                   
 which will equal 182,147 shares immediately after this offering (or 208,922 if the underwriters exercise in full their over-allotment 
 option); or                                                                                                                           |

| ● | the average weekly reported trading volume of the Class A ordinary shares during the four calendar weeks preceding the filing of a notice on Form 144 with respect to the sale. |

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Sales by our affiliates under Rule 144 are also