Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 24

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 24
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,000 private placement units (or 312,500 private placement units of the 362,500 private placement units if the underwriters’ over-allotment option is exercised in full) to be purchased by our sponsor and an aggregate of 2,717,391 founder shares (or 3,125,000 if the underwriters’ over-allotment option is exercised in full), in a private placement that will close simultaneously with this offering. See “ Summary — The Offering — Private placement units and constituent securities.” In addition, each of Ketan Seth, our CEO, and David Bauer, our CFO, will receive an indirect interest in 75,000 founder shares, each of Dario Dino Ferrari, Nadim Qureshi, Dr. Kenneth Moritsugu and General (Ret.) Wesley Clark, our independent directors, will each receive an indirect interest in 50,000 founder shares, and each of Glenn Hill, Mina Janeska and Francisco de Borbon Graf von Hardenberg, our special advisors, will receive an indirect interest in 25,000 founder shares, through membership interests in BHM, but only Mr. Seth, as the managing member of BHM, will have the right to control the sponsor or participate in any decision regarding the disposal of any security held by the sponsor, or otherwise. Our sponsor has also allocated an indirect interest in 300,000 founder shares through membership interests in BHM to Alberto Pontonio, a registered broker-dealer associated with Roberts & Ryan, co-manager of this offering. Other than Mr. Seth and our other directors and officers, none of the other members of our sponsor will participate in our company’s activities. Assuming our independent directors and, as described below, all prospective non-managing sponsor investors are issued membership interests in our sponsor, our directors and officers will hold [*]% of the sponsor membership interests reflecting indirect interests in the founder shares and [*]% of the sponsor membership interests reflecting indirect interests in the private placement units. None of the non-managing sponsor investors will hold voting interests in our sponsor nor have any rights to control our sponsor or to vote or dispose of any securities held by our sponsor, and none of the sponsor non-managing members have a direct or indirect material interest in our sponsor. The following table sets forth the payments to be received by our sponsor and its affiliates from us prior to or in connection with the completion of our initial business combination and the securities issued and to be issued by us to our sponsor or its affiliates:

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