Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 108

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 108
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us and our sponsor, (v) the private placement units purchase agreement between us and BTIG, and (vi) the administrative services agreement
between us and BHM, managing member of our sponsor. These agreements contain various provisions that our public shareholders might deem
to be material. Amendments or waivers to such agreements would require the consent of the applicable parties thereto and, in certain cases,
the consent of the IPO underwriter. Any such modification, such as an amendment to shorten lock-up restrictions, may benefit our sponsor,
officers, directors and/or initial shareholders. Any such amendments may result in the completion of an initial business combination that
may not otherwise have been possible and could have an adverse effect on the value of an investment in our securities. For example, although
we would not amend lock-up provisions to permit securities held by initial shareholders to be freely sold prior to our initial business
combination, we may amend such provisions to permit some or all of them to be freely sold after the business combination earlier than
they would otherwise be permitted, which may have an adverse effect on the price of our securities.

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In order to effectuate an initial business combination, special purpose acquisition companies have, in the recent past, amended various provisions of their charters and other governing instruments. We cannot assure you that we will not seek to amend our amended and restated memorandum and articles of association or governing instruments in a manner that will make it easier for us to complete our initial business combination that our shareholders may not support.

In order to effectuate a business combination, special
purpose acquisition companies have, in the recent past, amended various provisions of their charters and governing instruments. For example,
special purpose acquisition companies have extended the time to consummate an initial business combination. Amending our amended and restated
memorandum and articles of association will require a special resolution under Cayman Islands law, which requires the affirmative vote
of at least two-thirds (or, in the scenarios described below, 90%) of the votes cast by such shareholders as, being entitled to do so,
vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the company, and amending our right agreement
will require a vote of holders of at least 50% of the Share Rights and, solely with respect to any amendment to the terms of the private
placement rights or any provision of the right agreement with respect to the private placement rights (including, for the avoidance of