Company: BACC
Filing Date: 2025-03-26
Form Type: DRS
Source: 0001185185-25-000217
Chunk: 222

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-03-26
Form: DRS
Chunk 222
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 B ordinary 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, as described in the section entitled “Description of Securities.”                                            |

| (3) | Blue                                                                                                                                          
 Holdings Sponsor LLC, our sponsor, is the record holder of 6,059,925 founder shares, up to 790,425 such shares shall be forfeited for         
 no consideration if the underwriters do not exercise the over-allotment option in full. Blue Holdings Management LLC (“BHM”)                  
 is the managing member of our sponsor, Blue Holdings Sponsor LLC, and Ketan Seth is the managing member of BHM. As the managing member        
 of BHM, Mr. Seth holds voting and investment discretion with respect to the ordinary shares held of record by the sponsor. Mr. Seth disclaims 
 any beneficial ownership of the securities held by the sponsor other than to the extent of any pecuniary interest he may have therein,        
 directly or indirectly. All of our officers, directors and our advisors are members of BHM. Each such person disclaims any beneficial         
 ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.            |

| (4) | Does not include indirect interest as a member of Blue Holdings Management                                                                   
 LLC, the managing member of the sponsor. The managing member has allocated 75,000 founder shares to each of our CEO and CFO and 50,000       
 founder shares to each of our independent directors, indirectly through membership interests in BHM, upon completion of our initial business 
 combination. Our sponsor has also allocated an indirect interest in 300,000 founder shares through membership interests in BHM to Alberto    
 Pontonio, a registered broker-dealer associated with Roberts & Ryan, co-manager of this offering.                                            |

| (5) | The non-managing sponsor investors have expressed to us an interest                                                                           
 in purchasing (i) up to an aggregate of approximately $[*] million of the public units, or approximately [*]%, of the public units            
 in this offering (assuming the exercise in full of the underwriters’ over-allotment option), and (ii) through the purchase                    
 of non-managing sponsor membership interests, an aggregate of 365,000 private placement units (or 376,250 if the underwriters’ over-allotment 
 option is exercised in full)