Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 47

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 47
---
 exclusively with the Blue Holdings Management         
 LLC, the managing member of the sponsor, whose managing member is Ketan Seth, without any voting, veto, consent or other participation   
 rights by any non-managing members regardless of their respective ownership. All matters submitted to a vote by the managing members     
 will require the affirmative vote of the Class A membership units held only by the managing member, without regard to any membership     
 interests held by any non-managing members. As a result, non-managing sponsor investors will have no right to control the sponsor        
 or participate in any decision regarding the disposal of any security held by the sponsor, or otherwise.                                 |
| Transfer                        
 restrictions on founder shares: |     | Our                                                                                                                                      
 initial shareholders have agreed not to transfer, assign or sell any of their founder shares and any Class A ordinary shares             
 issuable upon conversion thereof until the earlier to occur of: (i) six months after the completion of our initial business              
 combination or (ii) the date on which we complete a liquidation, merger, share exchange or other similar transaction after our           
 initial business combination that results in all of our shareholders having the right to exchange their Class A ordinary shares          
 for cash, securities or other property; except to certain permitted transferees and under certain circumstances as described herein      
 under “Principal Shareholders — Restrictions on Transfers of Founder Shares and Private Placement Units.”                                
 Any permitted transferees will be subject to the same restrictions and other agreements of our initial shareholders with respect         
 to any founder shares. We refer to such transfer restrictions throughout this prospectus as the lock-up. Notwithstanding the foregoing,  
 if (1) the closing price of our Class A ordinary shares equals or exceeds $15.00 per share (as adjusted for share                        
 sub-divisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any                
 30-trading day period after our initial business combination or (2) if we consummate a transaction after our initial business            
 combination which results in our shareholders having the right to exchange their shares for cash, securities or other property, the      
 founder shares will be released from the lock-up.                                                                                        |
|                                 |     | Except                                                                                                                                   
 in certain limited circumstances, no member of the sponsor may transfer all or any portion of its membership interests in the sponsor,   
 including the non-managing sponsor investors who may not transfer all or any portion of their membership units in the sponsor. For       
 more information, see “Principal Share