Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 194

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 194
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 a single class. The decision as to whether we will seek shareholder approval of a proposed
business combination or conduct a tender offer will be made by us, solely in our discretion, and will be based on a variety of
factors such as the timing of the transaction and whether the terms of the transaction would require us to seek shareholder approval
under applicable law or stock exchange listing requirement.

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We will have up to 21 months (from the closing of this offering to consummate an initial business combination, or until such earlier liquidation date as our board of directors may approve, to consummate our initial business combination. If we anticipate that we may be unable to consummate our initial business combination within such 21-month period, we may seek shareholder approval to amend our amended and restated memorandum and articles of association to further extend the date by which we must consummate our initial business combination. If we seek shareholder approval for an extension, holders of public shares will be offered an opportunity to redeem their shares at a per share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned thereon (less income taxes payable, if any), divided by the number of then issued and outstanding public shares, subject to applicable law.

If we are unable to complete our initial business
combination within the completion window, or by such earlier liquidation date as our board of directors may approve, from the closing
of this offering, we will redeem 100% of the public shares at a per share price, payable in cash, equal to the aggregate amount then on
deposit in the trust account, including interest earned thereon (less income taxes, if any, payable and up to $100,000 of interest income
to pay dissolution expenses), divided by the number of then issued and outstanding public shares, subject to applicable law and certain
conditions as further described herein. We expect the pro rata redemption price to be approximately $10.00 per public share (regardless
of whether or not the underwriters exercise their over-allotment option), without taking into account any interest or other income earned
on such funds. However, we cannot assure you that we will in fact be able to distribute such amounts as a result of claims of creditors,
which may take priority over the claims of our public shareholders.

Nasdaq rules require that we must complete one or more business combinations having an aggregate fair market value of at least 80% of the value of the