Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 139

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 139
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 other third party investors, or (vi) the target’s business itself.

| Public shares                                                        |     |   |  17.500,000 |
| Private placement shares underlying the private placement            
 units                                                                |     |   |     539,750 |
| Founder shares                                                       |     |   |   6,147,750 |
| Shares underlying public and private rights                          |     |   |   1,803,975 |
| Representative shares                                                |     |   |     175,000 |
| Total shares                                                         |     |   |  26,166,475 |
| Total funds in trust available for initial business combination      |     | $ | 168,875,000 |
| Public                                                               
 shareholders’ investment per Class A ordinary share(1)               |     | $ |       10.00 |
| Initial shareholders’ investment per Class B ordinary share(2)       |     | $ |       0.004 |
| Initial implied value per public share                               |     | $ |       10.00 |
| Implied                                                              
 value per share upon consummation of initial business combination(3) |     | $ |        6.45 |

| (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 our initial shareholders                                                 
 is $3,672,500, consisting of (i) $25,000 paid for the founder shares, and (ii) $ 3,647,500 paid for 364,750 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.                                                                                                           |

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Based on these assumptions, each Class A ordinary share would
have an implied value of $6.45 per share upon completion of our initial business combination, representing an approximately 35.5% decrease
from the initial implied value of $10.00 per public share. While the implied value of $6.45 per Class A ordinary share upon completion
of our initial business combination would represent a dilution to our public