Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 49

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 49
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 included in the private placement units to be sold in the private placement. |

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| Founder 
 shares: |     | 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.                                                                 
 Subject to each non-managing sponsor investor purchasing, through the                                                                   
 sponsor, the private placement units allocated to it in connection with the closing of this offering, the sponsor will issue membership 
 interests at a nominal purchase price to the non-managing sponsor investors reflecting interests in an aggregate of 2,965,217 founder   
 shares (or 3,410 founder shares if the underwriters exercise the over-allotment option in full) held by the sponsor.                    
 Prior                                                                                                                                   
 to the initial investment in the company of $25,000 by the sponsor, the company had no assets, tangible or intangible. The per share    
 price of the founder shares was determined by dividing the amount of cash contributed to the company by the number of founder shares    
 issued. 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). An           
 additional 1,009,988 founder shares were subsequently issued to our sponsor in a share capitalization as a result of an increase        
 in the maximum number of units which may be sold in this offering to 20,125,000, assuming the underwriters’ exercise in full            
 the over-allotment option. Our public shareholders may incur material dilution due to such anti-dilution adjustments that result        
 in the issuance of Class A ordinary shares on a greater than one-to-one basis upon conversion. Up to 922,163 of the                     
 founder shares will be surrendered for no consideration depending on the extent to which the underwriters’ over-allotment option        
 is not exercised. If we increase or decrease the size of the offering pursuant to Rule 462(b) under the Securities Act,                 
 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