Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 42

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 42
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| Founder                                     
 shares conversion and anti-dilution rights: |     | The                                                                                                                                               
 founder shares will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation                
 of our initial business combination or earlier at the option of the holder on a one-for-one basis, subject to adjustment for share sub-divisions, 
 share capitalizations, reorganizations, recapitalizations and the like, and subject to further adjustment as provided herein. In the              
 case that additional Class A ordinary shares, or any other equity-linked securities, are issued or deemed issued in excess of the                 
 amounts sold in this offering and related to or in connection with the closing of the initial business combination, the ratio at which            
 Class B ordinary shares convert into Class A ordinary shares will be adjusted (unless the holders of a majority of the outstanding                
 Class B ordinary shares agree to waive such adjustment with respect to any such issuance or deemed issuance) so that the number                   
 of Class A ordinary shares issuable upon conversion of all Class B ordinary shares will equal, in the aggregate, 26% of the                       
 sum of (i) the total number of all ordinary shares outstanding upon the completion of this offering (including any Class A                        
 ordinary shares issued pursuant to the underwriters’ over-allotment option and excluding the securities underlying the private                    
 placement units issued to the sponsor), plus (ii) all Class A ordinary shares and equity-linked securities issued or deemed                       
 issued, in connection with the closing of the initial business combination (excluding any shares or equity-linked securities issued,              
 or to be issued, to any seller in the initial business combination and any private placement-equivalent units issued to our sponsor,              
 BHM, certain of our officers or directors, or any of their respective affiliates upon conversion of working capital loans) minus (iii) any        
 redemptions of Class A ordinary shares by public shareholders in connection with an initial business combination; provided that                   
 such conversion of founder shares will never occur on a less than one-for-one basis.                                                              |

| Appointment                                                                                       
 and removal of directors and continuing the company outside of the Cayman Islands; voting rights: |     | Except                                                                                                                                       
 as set forth below, holders of record of our Class A ordinary shares and Class B ordinary shares are entitled to one vote for                
 each share held on all matters to be voted on by shareholders, voting together as a single class. Unless specified in our amended and        
 restated memorandum and articles of association or as required by