Company: BACC
Filing Date: 2025-11-19
Form Type: 425
Source: 0001185185-25-001807
Chunk: 8

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-11-19
Form: 425
Chunk 8
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with respect to the Trust Account, a committed equity facility, debt facility, and/or other sources of cash or cash equivalents, in each
case, whether such investment is into Blue, Blockfusion or Pubco.

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Conditions to Closing

The obligations of the parties
to consummate the Transactions are subject to various conditions, including the following mutual conditions of the parties, unless waived:
(i) the approval of the Business Combination Agreement and the Transactions and related matters by the requisite vote of each of Blue’s
shareholders and Blockfusion’s stockholders; (ii) the expiration or termination of any waiting period applicable to the consummation
of the Business Combination Agreement under any antitrust laws; (iii) obtaining material regulatory approvals; (iv) no law or order preventing
or prohibiting the Transactions; (v) appointment of the Post-Closing Board consistent with the requirements of the Business Combination
Agreement; (vi) the effectiveness of the Registration Statement; (vii) Pubco shall have amended and restated its certificate of incorporation
in a form satisfactory to Blue and Blockfusion; (viii); Pubco Class A Shares shall have been approved for listing on Nasdaq upon the Closing;
and (ix) Pubco shall have adopted, on or prior to the Closing, an equity incentive plan in a form satisfactory to Blue and Blockfusion,
and which will provide for awards for a number of Pubco Class A Shares equal to five (5%) of the aggregate number of shares of Pubco Common
Stock issued and outstanding immediately after the Closing.

In addition, unless waived
by Blockfusion, the obligations of Blockfusion to consummate the Transactions are subject to the satisfaction of the following closing
conditions, in addition to customary certificates and other closing deliveries: (i) the representations of Blue relating to organization and standing, authorization, non-contravention, capitalization (other than the first sentence of such representation in the Business Combination Agreement) and finders and brokers being true and correct in all material respects on and as of the date
of the Business Combination Agreement and as of the Closing Date; (ii) the representations and warranties of Blue set forth in the first
sentence of the capitalization representation being true and correct in all respects (except for de minimis inaccuracies) on and
as of the date of the Business Combination Agreement and as of the Closing Date; (iii) all other representations and warranties of Blue
being true and correct (without giving effect to