Company: BACC
Filing Date: 2025-03-26
Form Type: DRS
Source: 0001185185-25-000217
Chunk: 224

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-03-26
Form: DRS
Chunk 224
---
 of 565,000 private placement units (or 621,250 private placement units if the
underwriters’ over-allotment option is exercised in full) at $10.00 per unit for an aggregate purchase price of $5,650,000 (or $6,212,500
if the underwriters’ over-allotment option is exercised in full) in a private placement that will close simultaneously with the closing
of this offering. Of those 565,000 private placement units (or 621,250 private placement units if the underwriters’ exercise their
over-allotment option in full), our sponsor has agreed to purchase 415,000 private placement units (or 426,250 units if the
underwriters’ over-allotment option is exercised in full) and BTIG and Roberts & Ryan have agreed to purchase 150,000 private
placement units (or 195,000 private placement units if the underwriters’ over-allotment option is exercised in full). The non-managing
sponsor investors have expressed an interest to indirectly purchase, through the purchase of non-managing sponsor membership interests,
an aggregate of 365,000 private placement units (or 376,250 units if the underwriters’ over-allotment option is exercised in
full) at a price of $10.00 per unit ($3,650,000 in the aggregate, or $3,762,500 if the over-allotment is exercised in full) in a private
placement that will close simultaneously with the closing of this offering. 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 of $0.004 per underlying founder share to the non-managing sponsor investors reflecting
indirect interests in an aggregate of 3,271,739 founder shares (or 3,762,500 founder shares if the underwriters’ over-allotment
is exercised in full) held by sponsor.

<div align='center'>142</div>

The private placement units will be identical to the units sold in this offering except that, so long as they are held by our sponsor or its permitted transferees, the private placement units (and the securities comprising such units) (i) may not, subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of our initial business combination, and (