Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 50

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 50
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 redeem their shares.                                           
 Our                                                                                                                                       
 proposed initial business combination may impose a minimum cash requirement for (i) cash consideration to be paid to the target           
 or its owners, (ii) cash for working capital or other general corporate purposes or (iii) the retention of cash to satisfy                
 other conditions. In the event the aggregate cash consideration we would be required to pay for all Class A ordinary shares               
 that are validly submitted for redemption plus any amount required to satisfy cash conditions pursuant to the terms of the proposed       
 initial business combination exceed the aggregate amount of cash available to us, we will not complete the initial business combination   
 or redeem any shares, and all Class A ordinary shares submitted for redemption will be returned to the holders thereof. We may,           
 however, raise funds through the issuance of equity-linked securities or through loans, advances or other indebtedness in connection      
 with our initial business combination, including pursuant to forward purchase agreements or backstop arrangements we may enter into       
 following consummation of this offering, in order to, among other reasons, satisfy such net tangible assets or minimum cash requirements. |

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| Limitation                                                                                                                
 on redemption rights of shareholders holding 15% or more of the shares sold in this offering if we hold shareholder vote: |     | Notwithstanding                                                                                                                              
 the foregoing redemption rights, 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 amended and restated memorandum and articles     
 of association provide that a public shareholder, together with any affiliate of such shareholder or any other person with whom such         
 shareholder is acting in concert or as a “group” (as defined under Section 13 of the Exchange Act), will be                                  
 restricted from redeeming its shares with respect to more than an aggregate of 15% of the shares sold in this offering without our           
 prior consent. We believe the restriction described above will discourage shareholders from accumulating large blocks of shares,             
 and subsequent attempts by such holders to use their ability to redeem their shares as a means to force us or our management to purchase     
 their shares at a significant premium to the then-current market price or on other undesirable terms. Absent this provision, a public        
 shareholder holding more than an aggregate of 15% of the shares sold in this offering could threaten to exercise its redemption rights       
 against a business combination if such holder’s shares are not purchased by us, our sponsor or our management