Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 219

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 219
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 pursuant to which they have waived their rights to liquidating distributions from the trust account with respect to any founder shares and private placement shares held by them if we fail to complete our initial business combination within the completion window, although they will entitled to liquidating distributions from assets outside the trust account. However, if our sponsor or management team acquire public shares in or after this offering, they will be entitled to liquidating distributions from the trust account with respect to such public shares if we fail to complete our initial business combination within the allotted completion window.

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Our sponsor, officers, directors and director
nominees have agreed, pursuant to a written agreement with us, that they will not propose any amendment to our amended and restated memorandum
and articles of association (A) to modify the substance or timing of our obligation to allow redemption in connection with our initial
business combination or to redeem 100% of our public shares if we do not complete our initial business combination within the completion
window or (B) with respect to any other material provisions relating to shareholders’ rights or pre-initial business combination
activity, in each case unless we provide our public shareholders with the opportunity to redeem their public shares upon approval of
any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including
interest earned on the funds held in the trust account (less income taxes payable, if any), divided by the number of then outstanding
public shares. The non-managing sponsor investors are not required to (i) hold any units, Class A ordinary shares or Share
Rights they may purchase in this offering or thereafter for any amount of time, (ii) vote any Class A ordinary shares they
may own at the applicable time in favor of our initial business combination or (iii) refrain from exercising their right to redeem
their public shares at the time of our initial business combination. The non-managing sponsor investors will have the same rights to
the funds held in the trust account with respect to the Class A ordinary shares comprising part of the units they may purchase in
this offering as the rights afforded to our other public shareholders. However, if the non-managing sponsor investors purchase all
of the units for which they have expressed to us an interest in purchasing or otherwise hold a substantial number of our units, then
the non-managing sponsor investors will potentially have different interests than our other public shareholders in approving our initial
business combination and otherwise exercising their rights