Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 211

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 211
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 shares at the time of our initial business combination. The non-managing sponsor investors will have the same
rights to the funds held in the trust account with respect to the Class A ordinary shares comprising part of the units they may
purchase in this offering as the rights afforded to our other public shareholders. However, if the non-managing sponsor investors purchase
all of the units for which they have expressed to us an interest in purchasing or otherwise hold a substantial number of our units,
then the non-managing sponsor investors will potentially have different interests than our other public shareholders in approving our
initial business combination and otherwise exercising their rights as public shareholders because of their indirect ownership of founder
shares as further discussed in this prospectus. Furthermore, regardless of the number of units they purchase, non-managing sponsor investors
will have different interests than other public shareholders in that they will be incentivized to vote for a business combination due
to their indirect interest in founder shares, and Class A ordinary shares and private placement rights issued as part of the private
placement units.

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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.

Manner of Conducting Redemptions

We will provide our public shareholders with the opportunity to redeem all or a portion of their Class A ordinary shares upon the completion of our initial business combination either (i) in connection with a general meeting called to approve the business combination or (ii) without a shareholder vote by means of a tender offer. The decision as to whether we will seek shareholder approval of a proposed business combination