Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 58

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 58
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 class. However, if our initial business combination is structured as a statutory merger or consolidation with another company under Cayman Islands law, the approval of our initial business combination will require a special resolution, which requires the affirmative vote of at least two-thirds of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the company, voting together as a single class.

If all outstanding shares are voted on a resolution
to approve our initial business combination, in addition to our 5,269,500 initial shareholders’ founder shares and 415,000 private
placement shares, if we would require an ordinary resolution, we would need 4,835,250 public shares, or approximately 32.24% of the 15,000,000
public shares sold in this offering, and if we would require a special resolution of two-thirds of our ordinary shares voted at the meeting,
we would need 8,330,168 public shares, or approximately 55.53% of the 15,000,000 public shares sold in this offering, to be voted in favor
of an initial business combination in order to have our initial business combination approved, assuming in each case that the over-allotment
option is not exercised and that the parties to the letter agreement do not acquire any public shares. Assuming that only the holders
of one-third of our issued and outstanding ordinary shares, representing a quorum under our amended and restated memorandum and articles
of association, vote their shares, we would not need any public shares in addition to our founder shares and private placement shares
to be voted in favor of an initial business combination in order to approve an initial business combination, regardless of whether such
approval was provided by way of ordinary resolution or special resolution. The agreement by our initial shareholders and management team
to vote in favor of our initial business combination will increase the likelihood that a proposed shareholder resolution to approve our
initial business combination will be passed (whether by way of ordinary resolution or special resolution).

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Your only opportunity to effect your investment decision regarding a potential business combination may be limited to the exercise of your right to redeem your shares from us for cash.

At the time of your investment in us, you will not be provided with an opportunity to evaluate the specific merits or risks of our initial business combination. Since our board of directors may complete a business combination without seeking shareholder approval, public shareholders may not