Company: BACC
Filing Date: 2025-11-19
Form Type: 425
Source: 0001185185-25-001807
Chunk: 4

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-11-19
Form: 425
Chunk 4
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 Merger Consideration divided by (b) the Fully-Diluted Company Shares. The “Fully-Diluted Company Shares” means (a) the total number of issued and outstanding shares of Company Common Stock issued and outstanding
and vested as of immediately prior to the Effective Time (after giving effect to the Preferred Conversion), plus(b)
the aggregate number of shares of Company Common Stock issuable upon, or pursuant to, the exercise of Company Options that are issued
and outstanding and vested as of immediately prior to the Effective Time, treating such outstanding and vested Company Options as having
been exercised in full (calculated using the treasury stock method of accounting), plus(c) the aggregate number of shares of Company
Common Stock issuable upon, or pursuant to, the exercise of Company Warrants that are issued and outstanding as of immediately prior to
the Effective Time, treating such Company Warrants as having been exercised in full (calculated using the treasury stock method of accounting).

Representations and Warranties

The Business Combination Agreement contains representations and warranties that are reasonably customary for similar transactions that are made by the parties as of the date of the Business Combination Agreement, or other specified dates, solely for the benefit of certain of the parties to the Business Combination Agreement, and in certain cases are subject to specified exceptions and materiality, Material Adverse Effect (as defined below), knowledge and other qualifications contained in the Business Combination Agreement or in information provided pursuant to certain disclosure schedules to the Business Combination Agreement. “Material Adverse Effect”
means, with respect to any specified person or entity, any fact, event, occurrence, change or effect that has had or would reasonably
be expected to have, individually or in the aggregate, a material adverse effect upon the business, assets, liabilities, results of operations,
prospects or condition (financial or otherwise) of such person or entity and its subsidiaries, taken as a whole, or the ability of such
person or entity or any of its subsidiaries on a timely basis to consummate the transactions contemplated by the Business Combination
Agreement or the ancillary documents to which it is a party or bound or to perform its obligations thereunder, in each case subject to
certain customary exceptions.

No Survival

The representations and warranties
of the parties contained in the Business Combination Agreement terminate as of, and do not survive, the Closing, and there are no indemnification
rights for another party’s breach. The covenants and agreements of the parties contained in the Business Combination Agreement do
not survive the