Company: BACC
Filing Date: 2025-03-26
Form Type: DRS
Source: 0001185185-25-000217
Chunk: 231

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-03-26
Form: DRS
Chunk 231
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 represent 26% of the outstanding shares after this offering (excluding the private placement shares). Up to 790,425 of the founder shares will be surrendered for no consideration depending on the extent to which the underwriters’ over-allotment is exercised. If we increase or decrease the size of the offering, we will effect a share capitalization or a share repurchase or redemption or other appropriate mechanism, as applicable, with respect to our Class B ordinary shares immediately prior to the consummation of this offering in such amount as to maintain the number of founder shares at 26% of our issued and outstanding ordinary shares upon the consummation of this offering (excluding the private placement shares).

Our sponsor, BTIG and Roberts & Ryan have committed, pursuant to
written agreements, to purchase from us an aggregate of 565,000 private placement units (or 621,250 private placement units if the underwriters’
over-allotment option is exercised in full) at $10.00 per unit for an aggregate purchase price of $5,650,000 (or $6,212,500 if the underwriters’
over-allotment option is exercised in full) in a private placement that will close simultaneously with the closing of this offering. Of
those 565,000 private placement units (or 621,250 private placement units if the underwriters’ exercise their over-allotment option
in full), our sponsor has agreed to purchase 415,000 private placement units (or 426,250 units if the underwriters’ over-allotment
option is exercised in full) and BTIG and Roberts & Ryan have agreed to purchase 150,000 private placement units (or 195,000
private placement units if the underwriters’ over-allotment option is exercised in full).

The private placement units will be identical to the units sold in this offering except that, so long as they are held by our sponsor or its permitted transferees, the private placement units (and the securities comprising such units) (i) may not, subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of our initial business combination and (ii) will be entitled to registration.

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The non-managing sponsor investors have expressed an interest to indirectly purchase, through the purchase of non-managing sponsor membership interests, an aggregate of 365,000 private placement units (or 376,250 units if the underwriters’