Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 31

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 31
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 and investment discretion with respect to the securities held of record by the sponsor. The non-managing sponsor investors have expressed an interest to purchase non-managing membership interests in our sponsor, reflecting interests in an aggregate of 314,750 of the 364,750 private placement units (or 341,000 private placement units of the 391,000 private placement units if the underwriters’ over-allotment option is exercised in full) to be purchased by our sponsor and an aggregate of 2,965,217 founder shares (or 3,410,000 if the underwriters’ over-allotment option is exercised in full), in a private placement that will close simultaneously with this offering. See “ Summary — The Offering — Private placement units and constituent securities.” In addition, each of Ketan Seth, our CEO, and David Bauer, our CFO, will receive an indirect interest in 75,000 founder shares, each of Dario Dino Ferrari, Nadim Qureshi, Dr. Kenneth Moritsugu and General (Ret.) Wesley Clark, our independent directors, will each receive an indirect interest in 50,000 founder shares, and each of Glenn Hill, Mina Janeska and Francisco de Borbon Graf von Hardenberg, our special advisors, will receive an indirect interest in 25,000 founder shares, through membership interests in BHM, but only Mr. Seth, as the managing member of BHM, will have the right to control the sponsor or participate in any decision regarding the disposal of any security held by the sponsor, or otherwise. Dario Dino Ferrari has an indirect economic interest in BHM through his ownership of 10,000 Class B Units in BHM representing private placement units purchased by him for $100,000. Our sponsor also has assigned 300,000 founder shares to Alberto Pontonio, a registered broker-dealer associated with Roberts & Ryan, co-manager of this offering. Other than Mr. Seth and our other directors and officers, none of the other members of our sponsor will participate in our company’s activities. Assuming our independent directors and, as described below, all prospective non-managing sponsor investors are issued membership interests in our sponsor, our directors and officers will hold approximately 6.0% of the sponsor membership interests reflecting indirect interests in the founder shares and approximately 7.2% of the sponsor membership interests reflecting indirect interests in the private placement units. None of the non-managing sponsor investors will hold voting interests in our sponsor nor have any rights to control our