Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 161

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 161
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 $154,690,000 (or $177,850,000
if the underwriters’ over-allotment option is exercised in full), after deducting offering expenses of approximately $750,000 and
underwriting commissions of $3,000,000 (or $3,450,000 if the underwriters’ over-allotment option is exercised in full, excluding
deferred underwriting commissions of $5,250,000, or $6,037,500 if the underwriters’ over-allotment option is exercised in full),
will be $151,150,000 (or $173,650,000 if the underwriters’ over-allotment option is exercised in full). $150,000,000 (or $172,500,000
if the underwriters’ over-allotment option is exercised in full) will be held in the trust account, which includes the deferred
underwriting commissions described above. 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. The remaining approximately
$1,150,000 will not be held in the trust account. In the event that our offering expenses exceed our estimate of $750,000, we may fund
such excess with funds not to be held in the trust account. In such case, the amount of funds we intend to be held outside the trust account
would decrease by a corresponding amount. Conversely, in the event that the offering expenses are less than our estimate of $750,000,
the amount of funds we intend to be held outside the trust account would increase by a corresponding amount.

We intend to use substantially all