Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 258

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 258
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 purchasing, through the
sponsor, the private placement units allocated to it in connection with the closing of this offering, the sponsor will issue membership
interests at a nominal purchase price of $0.004 per underlying founder share to the non-managing sponsor investors reflecting indirect
interests in an aggregate of 2,965,217 founder shares (or 3,410,000 founder shares if the underwriters’ over-allotment is exercised
in full) held by the sponsor. The non-managing sponsor investors are not granted any shareholder or other rights in addition to those
afforded to our other public shareholders, and will only be issued membership interests in the sponsor, with no right to control the sponsor
or vote or dispose of any securities held by the sponsor, including the founder shares and the private placement units held by the sponsor.
The interests of the members of the sponsor are denominated in two classes of membership interest units: (i) Class A membership units
representing interests in the founder shares and (ii) Class B membership units that will represent an interest in the private placement
units. All members of the sponsor, including the managing member of our sponsor, and any non-managing sponsor investor that may join the
sponsor concurrently with this offering, will hold both classes of membership units representing their proportional interest in the founder
shares and private placement units. Pursuant to an agreement of all members of the sponsor, the management and control of the sponsor
is vested exclusively with the managing member of the sponsor, without any voting, veto, consent or other participation rights by any
non-managing sponsor investors regardless of their respective ownership. As a result of this management structure, non-managing sponsor
investors will have no right to control the sponsor, or participate in any decision regarding the disposal of any security held by the
sponsor, or otherwise.

The non-managing sponsor investors are not
required to (i) hold any public units, public Class A ordinary shares or Share Rights they may purchase in this offering or
thereafter for any amount of time, (ii) vote any Class A ordinary shares they may own at the applicable time in favor of our
initial business combination or (iii) refrain from exercising their right to redeem their public shares at the time of our initial
business combination. The non-managing sponsor investors will have the same rights to the funds held in the trust account with respect
to the Class A ordinary shares comprising part of the units they may purchase in this offering as the rights