Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 55

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 55
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 expenses relating to this offering; and |

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| ● | any                                                                                                                                     
 loans or additional investments from our sponsor, members of our management team or their affiliates or other third parties, although   
 they are under no obligation to advance funds or invest in us; provided that any such loans will not have any claim on the proceeds     
 held in the trust account unless such proceeds are released to us upon completion of our initial business combination. Up to $1,500,000 
 of such loans may be convertible into private placement units, at a price of $10.00 per unit, at the option of the lender.              |

| Conditions                                      
 to completing our initial business combination: |     | Nasdaq                                                                                                                                          
 rules require that we must complete one or more business combinations having an aggregate fair market value of at least 80% of the value        
 of the assets held in the trust account (excluding the deferred underwriting commissions and taxes payable on the interest earned on            
 the trust account). Our board of directors will make the determination as to the fair market value of our initial business combination.         
 If our board of directors is not able to independently determine the fair market value of our initial business combination, we will obtain      
 an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions with respect      
 to the satisfaction of such criteria. While we consider it likely that our board of directors will be able to make an independent determination 
 of the fair market value of our initial business combination, it may be unable to do so if it is less familiar or experienced with the          
 business of a particular target or if there is a significant amount of uncertainty as to the value of the target’s assets or prospects.         |
|                                                 |     | Additionally,                                                                                                                                   
 pursuant to Nasdaq rules, any initial business combination must be approved by a majority of our independent directors. We will complete        
 our initial business combination only if the post-transaction company in which our public shareholders own shares will own or acquire           
 50% or more of the outstanding voting securities of the target or is otherwise not required to register as an investment company                
 under the Investment Company Act. Even if the post-transaction company owns or acquires 50% or more of the voting securities of the             
 target, our shareholders prior to our initial business combination may collectively own a minority interest in the post business                
 combination company, depending on valuations ascribed to the target and us in the business combination transaction. For example,                
 we