Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 191

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 191
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 sponsor is permitted to undertake any activities permitted under the Delaware
Limited Liability Company Act and other applicable law, our sponsor’s business is focused on investing in our company. Blue Holdings
Management LLC is the managing member of our sponsor, and Ketan Seth is the managing member of Blue Holdings Management LLC. Mr. Seth,
as the managing member of Blue Holdings Management LLC, holds voting and investment discretion with respect to the securities held of
record by the sponsor. The non-managing sponsor investors have expressed an interest to purchase non-managing membership interests in
our sponsor, reflecting interests in an aggregate of 34,750 of the 364,750 private placement units (or 341,000 private placement
units of the 391,000 private placement units if the underwriters’ over-allotment option is exercised in full) to be purchased by
our sponsor and an aggregate of 2,965,217 founder shares, in a private placement that will close simultaneously with this offering. See
“Summary — The Offering — Private placement units and constituent securities.” In addition, each of Ketan
Seth, our CEO, and David Bauer, our CFO, will receive an indirect interest in 75,000 founder shares, and each of General (Ret.) Wesley
Clark, Dario Dino Ferrari, Nadim Qureshi and Dr. Kenneth Moritsugu, our independent directors, will receive an indirect interest in 50,000
founder shares, and each of Glenn Hill, Mina Janeska and Francisco de Borbon Graf von Hardenberg, our special advisors, will receive an
indirect interest in 25,000 founder shares, through membership interests in BHM, but only Mr. Seth, as the managing member of BHM, will
have the right to control the sponsor or participate in any decision regarding the disposal of any security held by the sponsor, or otherwise.
Dario Dino Ferrari has an indirect economic interest in BHM through his ownership of 10,000 Class B Units in BHM representing private
placement units purchased by him for $100,000. Our sponsor also has assigned 300,000 founder shares to Alberto Pontonio, a registered
broker-dealer associated with Roberts & Ryan, co-manager of this offering. Other than Mr. Seth and our other directors and officers,
none of the other members of our sponsor will participate in our company’s activities. Assuming our independent directors and, as
described below, all prospective non-managing sponsor investors are issued membership interests