Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 41

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 41
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 our amended and restated memorandum and articles of association to further extend the date by which we must consummate our initial business combination. If we seek shareholder approval for an extension, holders of public shares will be offered an opportunity to redeem their shares at a per share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned thereon (less income taxes, if any), divided by the number of then issued and outstanding public shares, subject to applicable law.

If we are unable to complete our initial business
combination within the completion window and do not hold a shareholder vote to amend our amended and restated memorandum and articles
of association to extend the amount of time we will have to consummate an initial business combination,, or by such earlier liquidation
date as our board of directors may approve, from the closing of this offering, we will redeem 100% of the public shares at a per share
price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned thereon (less income
taxes, if any, payable and up to $100,000 of interest income to pay dissolution expenses), divided by the number of then issued and outstanding
public shares, subject to applicable law and certain conditions as further described herein. We expect the pro rata redemption price to
be approximately $10.00 per public share (regardless of whether or not the underwriters exercise their over-allotment option), without
taking into account any interest or other income earned on such funds. However, we cannot assure you that we will in fact be able to distribute
such amounts as a result of claims of creditors, which may take priority over the claims of our public shareholders.

If we do not complete our initial business combination within the completion window, while we do not currently intend to seek shareholder approval to amend our amended and restated memorandum and articles of association to extend the amount of time we will have to consummate an initial business combination, we may elect to do so in the future. There is no limit on the number of extensions that we may seek; however, we do not expect to extend the time period to consummate our initial business combination beyond 36 months from the closing of this offering. If we determine not to or are unable to extend the time period to consummate our initial business combination or fail to obtain shareholder approval to extend the completion window, our sponsor’s investment in our founder shares and our private placement units will be worthless.

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