Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 239

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 239
---
 they may purchase in this offering as the rights afforded to our other public shareholders. However, if the non-managing sponsor investors purchase all of the units for which they have expressed to us an interest in purchasing or otherwise hold a substantial number of our units, then the non-managing sponsor investors will potentially have different interests than our other public shareholders in approving our initial business combination and otherwise exercising their rights as public shareholders because of their indirect ownership of founder shares as further discussed in this prospectus.

<div align='center'>143</div>

Underwriter Conflicts of Interest

Our sponsor has allocated an indirect interest in
300,000 founder shares through membership interests in BHM to Alberto Pontonio, a registered broker-dealer associated with Roberts &
Ryan, co-manager of this offering. As a result, Roberts & Ryan may be deemed to have a “conflict of interest” under Rule
5121(f)(5) of the Conduct Rules of FINRA. Accordingly, this offering will be made in compliance with Rule 5121 of FINRA’s Conduct
Rules, pursuant to which (i) BTIG is primarily responsible for managing the offering, and (ii) Roberts & Ryan is prohibited from making
sales to discretionary accounts without the prior written approval of the account holder.

Investment ideas generated within Roberts & Ryan and its affiliates may be suitable for both us and for a current or future Roberts & Ryan fund or separate account or client advised by Roberts & Ryan or their affiliates and may be directed to such investment vehicle, fund or client rather than to us. Neither Roberts & Ryan (or its affiliates) nor members of our management team who are also employed by or provide services to Roberts & Ryan (or its affiliates) have any obligation to present us with any opportunity for a potential business combination of which they become aware, unless presented to such member solely in his or her capacity as an officer of the company. Roberts & Ryan and/or our management, in their capacities as employees of Roberts & Ryan. (or its affiliates) or in their other endeavors, currently are required to present certain investment opportunities and potential business combinations to the various related entities described herein, current Roberts & Ryan investment vehicles, or third parties, before they present such opportunities to us. Roberts & Ryan may have similar obligations to future investment vehicles or third parties.

Limitation on Liability and Indemnification of Officers and Directors

Cayman Islands law does not limit the extent to which a company’s memorandum and articles of association may provide for indemnification of officers and directors, except to