Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 137

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 137
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 be disproportionately dilutive to our Class A ordinary
shares.

The non-managing sponsor investors have expressed an interest to purchase 40% of the units in this offering, which could reduce the trading volume, volatility and liquidity for our shares, adversely affect the trading price of our shares.

Seven non-managing sponsor investors have expressed
to us an interest in purchasing up to an aggregate of approximately 8.5 million of the units in this offering at the offering price
(assuming the exercise in full of the underwriters’ over-allotment option), or approximately 40% of this offering. None of the
non-managing sponsor investors has expressed to us an interest in purchasing more than 9.9% of the units to be sold in this offering.
Because these expressions of interest are not binding agreements or commitments to purchase, each of the non-managing sponsor investors
may determine to purchase fewer or no units in this offering. 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. Depending on how many 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 Nasdaq listing eligibility requirements
as we expect to comply with all of the Nasdaq listing requirements prior to the effective date of the registration statement of which
this prospectus forms a part. Although we have no knowledge of any affiliation or other agreement or arrangement, as to voting of our
securities or otherwise, among the non-managing sponsor investors, if such investors all elect to purchase the full amount of our units
described herein and so long as they hold a substantial portion of the units purchased, the sponsor and the non-managing sponsor investors
would collectively own a significant number of our shares. Therefore, in the event that the non-managing sponsor investors purchase the
full amount of units described herein, continue to hold the shares included in the units and individually decide to vote such shares
in favor of our initial business combination, we would not need any additional public shares sold in this offering to