Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 262

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 262
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 require an ordinary resolution, we would need 4,835.250 public shares,
or approximately 32.24% of the 15,000,000 public shares sold in this offering, and if we would require a special resolution of two-thirds
of our ordinary shares voted at the meeting, we would need 8,330,168 public shares, or approximately 55.53% of the 15,000,000 public shares
sold in this offering, to be voted in favor of an initial business combination in order to have our initial business combination approved,
assuming in each case that the over-allotment option is not exercised and that the parties to the letter agreement do not acquire any
public shares. Assuming that only the holders of one-third of our issued and outstanding ordinary shares, representing a quorum under
our amended and restated memorandum and articles of association, vote their shares, regardless of such vote pertains to an ordinary resolution
or a special resolution of two-thirds of our ordinary shares voted at the meeting, we would not need any public shares in addition to
our founder shares and private placement shares to be voted in favor of an initial business combination in order to approve an initial
business combination. Additionally, each public shareholder may elect to redeem their public shares irrespective of whether they vote
for or vote against the proposed transaction, or whether they do not vote or abstain from voting on the proposed transaction, or whether
they were a public shareholder on the record date for the general meeting held to approve the proposed transaction.

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Pursuant to our amended and restated memorandum and articles of association, if we have not completed our initial business combination within the completion window, we will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter (and subject to lawfully available funds therefor), redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the trust account (which interest shall be net of income taxes, if any, and less up to $100,000 of interest to pay dissolution expenses), divided by the number of then-outstanding public shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidating distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following