Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 258

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 258
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2, Blue Holdings Sponsor LLC,
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.

Prior to the initial investment in the company
of $25,000 by the sponsor, the company had no assets, tangible or intangible. The purchase 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). We issued an additional 1,009,988 founder shares to our sponsor without payment
of any additional consideration in a share capitalization in connection with the increase in the maximum size of this offering from 17,250,000
units to 21,025,000 units, assuming the exercise of the underwriters’ over-allotment option in full. The sponsor assigned 300,000
founder shares to Alberto Pontonio, a registered broker-dealer associated with Roberts & Ryan, Inc., co-manager of this offering
Up to 922,163 of the founder shares will be surrendered for no consideration depending on the extent to which the underwriters’
over-allotment is exercised. The non-managing sponsor investors have expressed to us an interest in purchasing up to an aggregate of
approximately $[*] million of the public units, or approximately [*]%, of the public units in this offering at the offering price (assuming
the exercise in full of the underwriters’ over-allotment option). The post-offering numbers and percentages presented in the following
table assume that the underwriters do not exercise their over-allotment option, that 922,163 founder shares have been surrendered to
us for no consideration and that there are 24,362,500 ordinary shares issued and outstanding after this offering.

|                                                          |     | Number of    
 Class A      
 Ordinary     
 Shares       |         |     | Approximate   
 Percentage of 
 Outstanding   
 Class A       
 Ordinary      
 Shares        |   |     |          |     |   |     | Number of    
 Class B      
 Ordinary     
 Shares       |           |     | Approximate   
 Percentage of