Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 176

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 176
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 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 365,000 of the 415,000 private placement units (or 376,250 private placement
units of the 426,250 private placement units if the underwriters’ over-allotment option is exercised in full) to be purchased by
our sponsor and an aggregate of 3,271,739 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 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. Our sponsor has also
allocated an indirect interest in 300,000 founder shares through membership interests in BHM 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 in our sponsor, our directors and officers will
hold [*]% of the sponsor membership interests reflecting indirect interests in the founder shares and [*]% of the sponsor membership interests
reflecting indirect interests in the private placement units. None of the non-managing sponsor investors will hold voting interests in
our sponsor nor have any rights to control our sponsor or to vote or dispose of any securities held by our sponsor. None of the sponsor
non-managing members have a direct or indirect material interest in our sponsor.

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