Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 160

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 160
---
,500 in gross proceeds we receive
from this offering and the sale of the private placement units described in this prospectus, or $207,172,500 if the underwriters’
over-allotment option is exercised in full, $175,000,000 ($10.00 per unit), or $201,250,000 if the underwriters’ over-allotment
option is exercised in full ($10.00 per unit), will be deposited into a trust account in the United States with Continental Stock
Transfer & Trust Company acting as trustee, after deducting $3,500,000 in underwriting discounts and commissions payable upon
the closing of this offering (or $4,025,000 if the underwriters’ over-allotment option is exercised in full) and an aggregate of
$1,897,500 to pay fees and expenses in connection with the closing of this offering and for working capital following the closing of this
offering. The proceeds held in the trust account will initially be invested only in U.S. government treasury obligations with a maturity
of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act
which invest only in direct U.S. government treasury obligations; the holding of these assets in this form is intended to be temporary
and for the sole purpose of facilitating the intended business combination. To mitigate the risk that we might be deemed to be an investment
company for purposes of the Investment Company Act, which risk increases the longer that we hold investments in the trust account, we
may, at any time (based on our management team’s ongoing assessment of all factors related to our potential status under the Investment
Company Act), instruct the trustee to liquidate the investments held in the trust account and instead to hold the funds in the trust account
in cash or in an interest bearing demand deposit account at a bank. We expect that the interest earned on the trust account will be sufficient
to pay taxes. We will not be permitted to withdraw any of the principal or interest held in the trust account, except for the withdrawal
of interest to pay our income taxes, other than excise taxes, if any, and up to $100,000 to pay dissolution expenses, as applicable, if
any, until the earliest of (i) the completion of our initial business combination, (ii) the redemption of our public shares
if we are unable to complete our initial business combination within the completion window, subject to applicable law