Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 59

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 59
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 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 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. We believe the restriction described above will discourage shareholders from accumulating large blocks of shares,             
 and subsequent attempts by such holders to use their ability to redeem their shares as a means to force us or our management to purchase     
 their shares at a significant premium to the then-current market price or on other undesirable terms. Absent this provision, a public        
 shareholder holding more than an aggregate of 15% of the shares sold in this offering could threaten to exercise its redemption rights       
 against a business combination if such holder’s shares are not purchased by us, our sponsor or our management at a premium                   
 to the then-current market price or on other undesirable terms. By limiting our shareholders’ ability to redeem to no more                   
 than 15% of the shares sold in this offering, we believe we will limit the ability of a small group of shareholders to unreasonably          
 attempt to block our ability to complete our initial business combination, particularly in connection with a business combination            
 with a target that requires as a closing condition that we have a minimum net worth or a certain amount of cash. 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.                                     |
| Release                                                                                                                   
 of funds in trust account on closing of our initial business combination:                                                 |     | On                                                                                                                                           
 the completion of our initial business combination, the funds held in the trust account will be used to pay amounts due to any public        
 shareholders who exercise their redemption rights as described above under “Redemption rights for public shareholders upon completion        
 of our initial business combination,” to pay the underwriters their deferred underwriting commissions, to pay all or a portion               
 of the consideration payable to the target or owners of the target of our initial business combination and to pay other expenses associated  
 with our initial business combination. If our initial business combination is paid for using equity or debt securities, or not all of        
 the funds