Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 8

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 8
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 if we select an
acquisition target that subsequently declines in value and is unprofitable for public shareholders. If we are unable to complete our
initial business combination within the completion window, or by such earlier liquidation date as our board of directors may
approve, the founder shares and private placement units may expire worthless, except to the extent they receive liquidating
distributions from assets outside the trust account, which could create an incentive for our sponsor, executive officers and
directors to complete a transaction even if we select an acquisition target that subsequently declines in value and is unprofitable
for public shareholders. In addition, our officers and directors will receive indirect interests in the founder shares held by Blue
Holdings Management LLC (“BHM”), the managing member of our sponsor. As a result of their indirect
interest in the founder shares through membership interests in BHM, our management team may have a conflict of interest in
determining whether a particular target business is an appropriate business with which to effectuate our initial business
combination. In addition, an indirect interest in 300,000 founder shares through membership interests in BHM has been allocated 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 LLC
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. Further, each of our officers and directors may have a conflict
of interest with respect to evaluating a particular business combination if the retention or resignation of any such officers and
directors was included by a target business as a condition to any agreement with respect to our initial business combination.
Additionally, commencing on the date on which our securities are listed on Nasdaq, we will pay BHM an amount equal to $5,000 per
month for office space, utilities and secretarial and administrative support made available to us, as described elsewhere in this
prospectus. Upon consummation of this offering, we will repay up to $300,000 in loans made to us by our sponsor to cover
offering-related and organizational expenses. In the