Company: BACC
Filing Date: 2025-03-26
Form Type: DRS
Source: 0001185185-25-000217
Chunk: 139

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-03-26
Form: DRS
Chunk 139
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 level of complexity of such business combination. In the event we identify a business   
 combination target in a specific industry subject to specific regulations, we may incur additional expenses associated with legal due   
 diligence and the engagement of special legal counsel. In addition, our staffing needs may vary and as a result, we may engage a number 
 of consultants to assist with legal and financial due diligence. We do not anticipate any change in our intended use of proceeds, other 
 than fluctuations among the current categories of allocated expenses, which fluctuations, to the extent they exceed current estimates   
 for any specific category of expenses, would not be available for our expenses. The amount in the table above does not include interest 
 available to us from the trust account.                                                                                                 |

| (5) | Payments                                                                                                                                      
 for office space and administrative support. for twelve (12) months only. Such payments will continue on a monthly basis until the completion 
 of our initial business combination or our liquidation, when we will cease paying these monthly fees.                                         |

Nasdaq rules provide that at least 90% of the gross proceeds from this offering and the sale of the private placement units be deposited in a trust account. Of the $155,650,000 in gross proceeds we receive from this offering and the sale of the private placement units described in this prospectus, or $178,712,500 if the underwriters’ over-allotment option is exercised in full, $150,750,000 ($10.05 per unit), or $173,362,500 if the underwriters’ over-allotment option is exercised in full ($10.05 per unit), will be deposited into a trust account in the United States with Continental Stock Transfer & Trust Company acting as trustee, after deducting $3,000,000 in underwriting discounts and commissions payable upon the closing of this offering (or $3,450,000 if the underwriters’ over-allotment option is exercised in full) and an aggregate of $1,900,000 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