Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 50

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 50
---
 in two classes of membership interest units: (i) class A membership              
 units representing indirect economic interests in the founder shares and (ii) class B membership units that will represent               
 an indirect economic interest in the private placement units. All members of the sponsor, including the managing members of our sponsor, 
 and any non-managing sponsor investor that may join the sponsor concurrently with this offering will hold both classes of membership     
 units representing their proportional interest in the founder shares and private placement units, respectively. Pursuant to an agreement 
 of all members of the sponsor, the management and control of the sponsor is vested exclusively with the Blue Holdings Management         
 LLC, the managing member of the sponsor, whose managing member is Ketan Seth, without any voting, veto, consent or other participation   
 rights by any non-managing members regardless of their respective ownership. All matters submitted to a vote by the managing members     
 will require the affirmative vote of the Class A membership units held only by the managing member, without regard to any membership     
 interests held by any non-managing members. As a result, non-managing sponsor investors will have no right to control the sponsor        
 or participate in any decision regarding the disposal of any security held by the sponsor, or otherwise.                                 |
| Transfer                        
 restrictions on founder shares: |     | Our                                                                                                                                      
 initial shareholders have agreed not to transfer, assign or sell any of their founder shares and any Class A ordinary shares             
 issuable upon conversion thereof until the earlier to occur of: (i) six months after the completion of our initial business              
 combination or (ii) the date on which we complete a liquidation, merger, share exchange or other similar transaction after our           
 initial business combination that results in all of our shareholders having the right to exchange their Class A ordinary shares          
 for cash, securities or other property; except to certain permitted transferees and under certain circumstances as described herein      
 under “Principal Shareholders — Restrictions on Transfers of Founder Shares and Private Placement Units.”                                
 Any permitted transferees will be subject to the same restrictions and other agreements of our initial shareholders with respect         
 to any founder shares. We refer to such transfer restrictions throughout this prospectus as the lock-up. Notwithstanding the foregoing,  
 if (1) the closing price of our Class A ordinary shares equals or exceeds $15.00 per share (as adjusted for share                        
 sub-divisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any                
 30-trading day