Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 250

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 250
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 of private placement rights includes 535,000 private placement rights as part of the private placement units and 150,000
private placement rights as part of the working capital units upon the conversion of working capital loans. The holders of these securities
are entitled to make up to three demands, excluding short form demands, that we register such securities. In addition, the holders have
certain “piggy-back” registration rights with respect to registration statements filed subsequent to our completion of our
initial business combination. Notwithstanding anything to the contrary, BTIG and Roberts & Ryan may only make a demand on one occasion
and only during the five-year period beginning on the effective date of the registration statement of which this prospectus forms a part.
In addition, BTIG and Roberts & Ryan may participate in a “piggy-back” registration only during the seven-year period
beginning on the effective date of the registration statement of which this prospectus forms a part. We will bear the expenses incurred
in connection with the filing of any such registration statements.

<div align='center'>Certain relationships and related party transactions</div>

On February 20, 2025, our sponsor paid $25,000, or approximately $0.004 per share, to cover certain of our offering costs in exchange for 6,059,925 founder shares.

The number of founder shares outstanding was determined based on the expectation that the total size of this offering would be a maximum of 17,250,000 units if the underwriters’ over-allotment option is exercised in full, and therefore that such founder shares would represent 26% of the outstanding shares after this offering (excluding the private placement shares). Up to 790,425 of the founder shares will be surrendered for no consideration depending on the extent to which the underwriters’ over-allotment is exercised. If we increase or decrease the size of the offering, we will effect a share capitalization or a share repurchase or redemption or other appropriate mechanism, as applicable, with respect to our Class B ordinary shares immediately prior to the consummation of this offering in such amount as to maintain the number of founder shares at 26% of our issued and outstanding ordinary shares upon the consummation of this offering (excluding the private placement shares).

Our sponsor, BTIG and Roberts & Ryan have committed,
pursuant to written agreements, to purchase from us an aggregate of 490,000 private placement units (or 535,000 private placement units
if the underwriters’ over