Company: BACC
Filing Date: 2025-03-26
Form Type: DRS
Source: 0001185185-25-000217
Chunk: 3

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-03-26
Form: DRS
Chunk 3
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 foregoing redemption rights, if we seek shareholder approval of our initial business combination and we do not conduct redemptions in connection with our initial business combination pursuant to the tender offer rules, our amended and restated memorandum and articles of association provide that a public shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), will be restricted from redeeming its shares with respect to more than an aggregate of 15% of the shares sold in this offering without our prior consent. However, we would not be restricting our shareholders’ ability to vote all of their shares (including all shares held by those shareholders that hold more than 15% of the shares sold in this offering) for or against our initial business combination. See “ Summary — The Offering — Limitation on redemption rights of shareholders holding 15% or more of the shares sold in this offering if we hold shareholder vote” on page 33 for further discussion on certain limitations on redemption rights.

Our sponsor, Blue Holdings Sponsor LLC and BTIG, LLC (“BTIG”)
and Roberts & Ryan, Inc. (“Roberts & Ryan”), the underwriters, have committed, pursuant to written agreements,
to purchase from us an aggregate of 565,000 private placement units (or 621,250 private placement units if the underwriters’ over-allotment
option is exercised in full) at $10.00 per unit for an aggregate purchase price of $5,650,000 (or $6,212,500 if the underwriters’
over-allotment option is exercised in full) in a private placement that will close simultaneously with the closing of this offering. Each
private placement unit consists of one Class A ordinary share and one Share Right to receive one tenth (1/10) of a Class A ordinary share
upon the consummation of an initial business combination, as described in more detail in this prospectus. We refer to these units throughout
this prospectus as the private placement units and the Share Rights included in the private placement units as private placement rights.
Of those 565,000 private placement units (or 621,250 if the private placement units if the underwriters’ over-allotment option is
exercised in full), our sponsor has agreed to purchase 415,000 private placement units (or 426,250 private placement units if