Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 360

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 360
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 in this offering shall be paid to the underwriters in cash based on the
funds remaining in the trust account after giving effect to public shares that are redeemed in connection with an initial business combination.

Representative Shares

The Company intends to issue to the underwriters
and/or their designees 175,000 ordinary shares (the “Representative Shares”) upon the consummation of the Proposed Public
Offering. The Company will account for the Representative Shares as a cost of the Proposed Public Offering, resulting in a charge directly
to share’s equity. The underwriters (and any of their designees to whom the Representative Shares are issued) will agree not to
transfer, assign or sell any such shares without the Company’s prior consent until the completion of a Business Combination. In
addition, the Representative Shares will be deemed to be underwriting compensation by the Financial Industry Regulatory Authority, Inc.
(“FINRA”) pursuant to FINRA Rule 5110 and will, accordingly, be subject to certain transfer restrictions or a period
of 180 days beginning on the date of commencement of sales of the Units in the Proposed Public Offering. Furthermore, the underwriters
will agree (and any of their designees to whom the Representative Shares are issued will agree) (i) to waive its redemption rights
(or right to participate in any tender offer) with respect to such shares in connection with the completion of the Company’s initial
Business Combination and (ii) to waive its rights to liquidating distributions from the Trust Account with respect to such shares
if the Company fails to complete a Business Combination within the Combination Period. In addition, the Representative Shares will not
be transferable, assignable or saleable until 30 days after the completion of our initial business combination (except with respect
to permitted transferees as described herein under the section of this prospectus entitled “Principal Shareholders — Restrictions on Transfers of Founder Shares and Private Placement Units”).

Note 8 — Shareholder’s Equity

Preference Shares— The Company is authorized to issue a total of 5,000,000 preference shares at par value of $0.0001 each. As of February 28, 2025, there were no preferred shares issued or outstanding.

Class A Ordinary Shares— The Company is authorized to issue a total of 500,000,000 Class A ordinary shares at par value of $0.0001 each. As of February 28, 2025 there were no Class A ordinary shares issued or outstanding.

Class