Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 56

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 56
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 could pursue a transaction in which we issue a substantial number of new shares in exchange for all of the outstanding capital               
 stock, shares or other equity interests of a target. In this case, we would acquire a 100% controlling interest in the target. However,         
 as a result of the issuance of a substantial number of new shares, our shareholders immediately prior to our initial business combination       
 could own less than a majority of our issued and outstanding shares subsequent to our initial business combination.                             |
|                                                 |     | If                                                                                                                                              
 less than 100% of the equity interests or assets of a target business or businesses are owned or acquired by the post-transaction               
 company, the portion of such business or businesses that is owned or acquired is what will be taken into account for purposes of                
 the 80% of net assets test described above, provided that in the event that the business combination involves more than one target              
 business, the aggregate value of all of the target businesses will be taken into account for purposes of the 80% fair market value              
 test and we will treat the transactions together as our initial business combination for purposes of seeking shareholder approval               
 or conducting a tender offer, as applicable.                                                                                                    |

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| Permitted                                                      
 purchases of public shares and Share Rights by our affiliates: |     | If                                                                                                                                           
 we seek shareholder approval of our initial business combination and we do not conduct redemptions in connection with our initial business   
 combination pursuant to the tender offer rules, our sponsor, initial shareholders, directors, officers, advisors or their affiliates         
 may purchase shares or Share Rights in privately negotiated transactions or in the open market either prior to or following the completion   
 of our initial business combination. Additionally, at any time at or prior to our initial business combination, subject to applicable        
 securities laws (including with respect to material nonpublic information), our sponsor, initial shareholders, directors, officers, advisors 
 or their affiliates may enter into transactions with investors and others to provide them with incentives to acquire public shares, vote     
 their public shares in favor of our initial business combination or not redeem their public shares. There is no limit on the number of       
 shares our initial shareholders, directors, officers, advisors or their affiliates may purchase in such transactions, subject to compliance  
 with applicable law and Nasdaq rules. However, they have no current commitments, plans or intentions to engage in such transactions and      
 have not formulated any terms or conditions for any such transactions. None of the funds held in the trust