Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 94

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 94
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 initial business combination, except in connection with the conversion of Class B ordinary shares into Class A ordinary shares where the holders of such shares have waived any rights to receive funds from the trust account, we may not issue additional shares that would entitle the holders thereof to (i) receive funds from the trust account or (ii) vote as a class with public shares on any initial business combination. These provisions of our amended and restated memorandum and articles of association, like all provisions of our amended and restated memorandum and articles of association, may be amended with a shareholder vote. The issuance of additional ordinary or preference shares:

| ● | may                                                                                                                                   
 significantly dilute the equity interest of investors in this offering, which dilution would increase if the anti-dilution provisions 
 in the Class B ordinary shares resulted in the issuance of Class A ordinary shares on a greater than one-for-one basis upon           
 conversion of the Class B ordinary shares;                                                                                            |

| ● | may                                                                                                                               
 subordinate the rights of holders of Class A ordinary shares if preference shares are issued with rights senior to those afforded 
 our Class A ordinary shares;                                                                                                      |

| ● | could                                                                                                                                
 cause a change in control if a substantial number of Class A ordinary shares are issued, which may affect, among other things, our   
 ability to use our net operating loss carry forwards, if any, and could result in the resignation or removal of our present officers 
 and directors;                                                                                                                       |

| ● | may                                                                                                                                      
 have the effect of delaying or preventing a change of control of us by diluting the share ownership or voting rights of a person seeking 
 to obtain control of us;                                                                                                                 |

| ● | may                                                                                                       
 adversely affect prevailing market prices for our units, Class A ordinary shares and/or Share Rights; and |

| ● | may                                                                 
 not result in adjustment to the exercise price of our Share Rights. |

Unlike some other similarly structured special purpose acquisition companies, our initial shareholders will receive additional Class A ordinary shares if we issue certain shares to consummate an initial business combination.

The founder shares will automatically convert into Class A ordinary shares (which such Class A ordinary shares delivered upon conversion will not have any redemption rights or be entitled to liquidating distributions from the trust account if we fail to consummate an initial business combination) concurrently with or immediately following the consummation of our initial business combination or earlier at the option of the holder on a one-for-one basis, subject to adjustment for share sub-divisions, share capitalizations, reorganizations, recapital