Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 3

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 3
---
ated memorandum and articles of association provide that a public shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), will be restricted from redeeming its shares with respect to more than an aggregate of 15% of the shares sold in this offering without our prior consent. However, we would not be restricting our shareholders’ ability to vote all of their shares (including all shares held by those shareholders that hold more than 15% of the shares sold in this offering) for or against our initial business combination. See “ Summary — The Offering — Limitation on redemption rights of shareholders holding 15% or more of the shares sold in this offering if we hold shareholder vote” on page 38 for further discussion on certain limitations on redemption rights.

Our sponsor, Blue Holdings Sponsor LLC, and
BTIG, LLC (“BTIG”) and Roberts & Ryan, Inc. (“Roberts & Ryan”), the underwriters, have
committed, pursuant to written agreements, to purchase from us an aggregate of 539,750 private placement units (or 592,250 private placement
units if the underwriters’ over-allotment option is exercised in full) at $10.00 per unit for an aggregate purchase price of $5,397,500
(or $5,922,500 if the underwriters’ over-allotment option is exercised in full) in a private placement that will close simultaneously
with the closing of this offering. Each private placement unit consists of one Class A ordinary share and one Share Right to receive
one tenth (1/10) of a Class A ordinary share upon the consummation of an initial business combination, as described in more detail in
this prospectus. We refer to these units throughout this prospectus as the private placement units and the Share Rights included in the
private placement units as private placement rights. Of those 539,750 private placement units (or 592,250 private placement units if
the underwriters’ over-allotment option is exercised in full), our sponsor has agreed to purchase 364,750 private placement
units (or 391,000 private placement units if the underwriters’ over-allotment option is exercised in full), and BTIG and Roberts
& Ryan have agreed to purchase 175,000 private placement units (or 201,250 private placement units