Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 304

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 304
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man Islands and no withholding will be required on the payment of a dividend or capital to any holder of the securities nor will gains derived from the disposal of the securities be subject to Cayman Islands income or corporate tax.

No stamp duty is payable in respect of the issue of the Share Rights, the units or the Class A ordinary shares. An instrument of transfer in respect of a Share Right, a unit or a Class A ordinary share is stampable if executed in or brought into the Cayman Islands.

The Company has been incorporated under the laws of the Cayman Islands as an exempted company with limited liability and, as such, has applied for and received an undertaking from the Financial Secretary of the Cayman Islands in a form substantially similar to the following on February 10, 2025:

<div align='center'>“ The Tax Concessions Act
(Revised)
Undertaking as to Tax Concessions</div>

In accordance with the Tax Concessions Act (Revised), the following undertaking is hereby given to the Company:

| 1. | That no law which is hereafter enacted in the Islands imposing any tax to be levied on profits, income, gains or appreciations shall apply to the Company or its operations; and |

| 2. | In addition, that no tax to be levied on profits, income, gains or appreciations or which is in the nature of estate duty or inheritance tax shall be payable: |

| 2.1 | On or in respect of the shares, debentures or other obligations of the Company; or |

| 2.2 | by way of the withholding in whole or in part of any relevant payment as defined in the Tax Concessions Act (Revised). |

These concessions shall be for a period of 30 years
from the 10 day of February 2025.”

<div align='center'>175</div>

United States Federal Income Tax Considerations

General

The following discussion summarizes certain
United States federal income tax considerations generally applicable to the acquisition, ownership and disposition of our units
(each consisting of one Class A ordinary share and one Share Right) that are purchased in this offering by U.S. Holders (as
defined below) and Non-U.S. Holders (as defined below). Because the components of a unit are generally separable at the option of
the holder, the holder of a unit generally should be treated, for United States federal income tax purposes, as the owner of the
underlying Class A ordinary