Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 270

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 270
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 sheet upon the completion of this offering. If the over-allotment option is exercised following the initial filing of such Current Report on Form 8-K, a second or amended Current Report on Form 8-K will be filed to provide updated information to reflect the exercise of the over-allotment option.

Private Placement Units

The private placement units (including the securities comprising such units) will not be transferable, assignable or salable until 30 days after the completion of our initial business combination (except, among other limited exceptions as described under “ Principal Shareholders — Restrictions on Transfers of Founder Shares and Private Placement Units,” to our officers and directors and other persons or entities affiliated with our sponsor, BTIG or Roberts & Ryan). The private placement units will be identical to the units sold as part of this offering, except as set forth elsewhere in this prospectus.

In order to finance transaction costs in connection with an intended initial business combination, our sponsor, BHM, certain of our officers or directors, or any of their respective affiliates may, but are not obligated to, loan us funds as may be required. Up to $1,500,000 of such working capital loans may be convertible into private placement units at a price of $10.00 per unit at the option of the lender. Such units and their underlying securities would be identical to the private placement units. The terms of such working capital loans, if any, by our sponsor, BHM, certain of our officers or directors, or any of their respective affiliates, have not been determined and no written agreements exist with respect to such loans.

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Ordinary Shares

Prior to the date of this prospectus, there were 7,069,913 Class B ordinary shares outstanding, all of which were held of record by our initial shareholders, so that our initial shareholders will own 26% of our issued and outstanding shares after this offering (excluding the private placement shares and assuming our initial shareholders do not purchase any units in this offering). Up to 922,163 of the founder shares will be surrendered for no consideration depending on the extent to which the underwriters’ over-allotment is exercised. Upon the closing of this offering, 24,362,500 of our ordinary shares will be outstanding (assuming no exercise of the underwriters’ over-allotment option and the corresponding surrender for no consideration of 922,163 founder shares) comprising:

| ● | 17,500,000                                                                        
 Class A ordinary shares comprising part