Company: BACC
Filing Date: 2025-03-26
Form Type: DRS
Source: 0001185185-25-000217
Chunk: 120

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-03-26
Form: DRS
Chunk 120
---
.89 |

| (1) | While                                                                                                                                 
 the public shareholders’ investment is in both the public shares and the Share Rights, for purposes of this table the full investment 
 amount is ascribed to the public shares only.                                                                                         |

| (2) | The                                                                                                                                      
 total investment in the equity of the company by the sponsor and BTIG and Roberts & Ryan is $5,675,000, consisting of (i) $25,000        
 paid by the sponsor for the founder shares, (ii) $4,150,000 paid by the sponsor for 415,000 private placement units and (iii) $1,500,000 
 paid by BTIG and Roberts & Ryan for 150,000 private placement units. For purposes of this table, the full investment amount is ascribed  
 to the founder shares only.                                                                                                              |

| (3) | All                                                                                                                                    
 founder shares would automatically convert into Class A ordinary shares upon completion of our initial business combination or earlier 
 at the option of the holder.                                                                                                           |

<div align='center'>79</div>

Based on these assumptions, each Class A ordinary share would have an implied value of $6.89 per share upon completion of our initial business combination, representing an approximately 31.4% decrease from the initial implied value of $10.05 per public share. While the implied value of $6.89 per Class A ordinary share upon completion of our initial business combination would represent a dilution to our public shareholders, this would represent a significant increase in value for our sponsor relative to the price it paid for each founder share. At $6.89 per Class A ordinary share, the 5,684,500 Class A ordinary shares that the sponsor would own upon completion of our initial business combination (after automatic conversion of the 5,269,500 founder shares) would have an aggregate implied value of $57,129,225. As a result, even if the trading price of our Class A ordinary share significantly declines, the value of the founder shares held by our sponsor will be significantly greater than the amount our sponsor paid to purchase such shares. In addition, our sponsor could potentially recoup its entire investment in our company even if the trading price of our Class A ordinary shares after the initial business combination is as low as $0.73 per share. As a result, our sponsor is likely to earn a substantial profit on its investment in us upon disposition of its Class A ordinary shares even if the trading price of our Class A ordinary shares