Company: BACC
Filing Date: 2025-03-26
Form Type: DRS
Source: 0001185185-25-000217
Chunk: 35

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-03-26
Form: DRS
Chunk 35
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 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.                                 |

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|                                 |     | The                                                                                                                                      
 interests of the members of the sponsor are denominated in two classes of membership interest units: (i) class A membership              
 units representing indirect economic interests in the founder shares and (ii) class B membership units that will represent               
 an indirect economic interest in the private placement units. All members of the sponsor, including the managing members of our sponsor, 
 and any non-managing sponsor investor that may join the sponsor concurrently with this offering will hold both classes of membership     
 units representing their proportional interest in the founder shares and private placement units, respectively. Pursuant to an agreement 
 of all members of the sponsor, the management and control of the sponsor is vested 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