Company: BACC
Filing Date: 2025-03-26
Form Type: DRS
Source: 0001185185-25-000217
Chunk: 5

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-03-26
Form: DRS
Chunk 5
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 business combination. Because these expressions of interest are not binding agreements or commitments
to purchase, non-managing sponsor investors may determine to purchase fewer units in this offering, or none at all. Depending on how
many public units are purchased by the non-managing sponsor investors, the post-offering trading volume, volatility and liquidity of
our securities may be reduced relative to what they would have been had the units been more widely offered and sold to other public investors.
We do not expect any purchase of units by the non-managing sponsor investors to negatively impact our ability to meet The Nasdaq Global
Market, or Nasdaq, listing eligibility requirements. In addition, the underwriters have full discretion to allocate the units to investors
and may determine to sell fewer units to the non-managing sponsor investors, or none at all, and the purchase of the non-managing sponsor
membership interests is not contingent upon the participation in this offering or vice versa. The underwriters will receive the same
upfront discounts and commissions and deferred underwriting commissions on units purchased by the non-managing sponsor investors, if
any, as they will on the other units sold to the public in this offering. In addition, none of the non-managing sponsor investors has
any obligation to vote any of their public shares in favor of our initial business combination. Nevertheless, the non-managing sponsor
investors will be incentivized to vote their public shares in favor of a business combination due to their indirect ownership through
the sponsor of founder shares and Class A ordinary shares and private placement rights issued as part of the private placement units.
For a discussion of certain additional arrangements with the non-managing sponsor investors, see “ Summary — The Offering — Expressions of Interest” on page 24.

Our sponsor purchased an aggregate of 6,059,925 Class B ordinary shares (up to 790,425 of which are subject to surrender to us for no consideration depending on the extent to which the underwriters’ over-allotment option is exercised) for an aggregate purchase price of $25,000, or approximately $0.004 per share. The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of our initial business combination, or at any time prior thereto at the option of the holder thereof, on a one-for-one basis, subject to adjustment for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like. Because our sponsor acquired the Class B ordinary shares at a nominal price, our public shareholders