Company: BACC
Filing Date: 2025-03-26
Form Type: DRS
Source: 0001185185-25-000217
Chunk: 8

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-03-26
Form: DRS
Chunk 8
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 our initial business combination within the completion window, or by such earlier liquidation date as our
board of directors may approve, the founder shares and private placement units may expire worthless, except to the extent they receive
liquidating distributions from assets outside the trust account, which could create an incentive for our sponsor, executive officers and
directors to complete a transaction even if we select an acquisition target that subsequently declines in value and is unprofitable for
public shareholders. In addition, our officers and directors will receive indirect interests in the founder shares held by Blue Holdings
Management LLC (“BHM”), the managing member of our sponsor. As a result of their indirect interest in the founder
shares through membership interests in BHM, our management team may have a conflict of interest in determining whether a particular target
business is an appropriate business with which to effectuate our initial business combination. In addition, BHM has allocated an indirect
interest in 300,000 founder shares through membership interests in BHM to Alberto Pontonio, a registered broker-dealer associated with
Roberts & Ryan, co-manager of this offering. As a result, Roberts & Ryan may be deemed to have a “conflict of interest”
under Rule 5121(f)(5) of the Conduct Rules of FINRA. Accordingly, this offering will be made in compliance with Rule 5121 of FINRA’s
Conduct Rules, pursuant to which (i) BTIG LLC is primarily responsible for managing the offering, and (ii) Roberts & Ryan is prohibited
from making sales to discretionary accounts without the prior written approval of the account holder. Further, each of our officers and
directors may have a conflict of interest with respect to evaluating a particular business combination if the retention or resignation
of any such officers and directors was included by a target business as a condition to any agreement with respect to our initial business
combination. Additionally, commencing on the date on which our securities are listed on Nasdaq, we will pay AT Invest LLC, an affiliate
of our sponsor, an amount equal to $5,000 per month for office space, utilities and secretarial and administrative support made available
to us, as described elsewhere in this prospectus. Upon consummation of this offering, we will repay up to $300,000 in loans made to us
by our sponsor to cover offering-related and organizational expenses. In the event that following this offering we obtain working
capital loans from our sponsor, BHM, certain or our officers or directors or their