Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 255

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 255
---
 aggregate of $300,000 in loans made to us by our sponsor to cover offering-related and organizational expenses; |

| ● | Reimbursement for office space, utilities and secretarial and administrative support made available to us by Blue Holdings Management LLC, managing member of our sponsor, in an amount equal to $5,000 per month; |

| ● | Payment of consulting, success or finder, or advisory fees to our sponsor, directors, officers, advisors, or their respective affiliates in connection with the consummation of our initial business combination; |

| ● | We may engage our sponsor or an affiliate of our sponsor as an advisor or otherwise in connection with our initial business combination and certain other transactions and pay such person or entity a salary or fee in an amount that constitutes a market standard for comparable transactions; |

| ● | Reimbursement for any out-of-pocket expenses related to identifying, investigating, negotiating and completing an initial business combination; and |
| ● | Repayment of loans which may be made by our sponsor or an affiliate                                                                                 
 of our sponsor or certain of our officers and directors to finance transaction costs in connection with an intended initial business combination.   
 Up to $1,500,000 of such loans may be convertible into private placement units of the post-business combination entity at a price of $10.00         
 per unit at the option of the lender. Such units would be identical to the private placement units. Except for the foregoing, the terms             
 of such loans, if any, have not been determined and no written agreements exist with respect to such loans.                                         |

<div align='center'>151

DESCRIPTION OF SECURITIES</div>

We are a Cayman Islands exempted company (company number 418421) and our affairs are governed by our amended and restated memorandum and articles of association, the Companies Act and the common law of the Cayman Islands. Pursuant to our amended and restated memorandum and articles of association which will be adopted upon the consummation of this offering, we will be authorized to issue 500,000,000 Class A ordinary shares, $0.0001 par value each, 50,000,000 Class B ordinary shares, $0.0001 par value each as well as 5,000,000 preference shares, $0.0001 par value each. The following description summarizes certain terms of our shares as set out more particularly in our amended and restated memorandum and articles of association. Because it is only a summary, it may not contain all the