Company: BACC
Filing Date: 2025-03-26
Form Type: DRS
Source: 0001185185-25-000217
Chunk: 7

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-03-26
Form: DRS
Chunk 7
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 holders of the Class B ordinary shares and holders of the Class A ordinary shares will vote together as a single class, except as required by law. Collectively, the sponsor’s 5,269,500 Class B ordinary shares and its 415,000 private Class A ordinary shares underlying its private placement units will represent approximately 27% of all ordinary shares outstanding following the consummation of this offering and the private placement of the units, assuming that the underwriters’ over-allotment option is not exercised. See “ Summary — The Offering — Our Sponsor” on page 15 for further discussion on our sponsor’s and our affiliates’ securities; “ Summary — The Offering — Transfer restrictions on founder shares” on page 19, “ Summary — The Offering — Founder shares conversion and anti-dilution rights” on page 20, “ Summary — The Offering — Appointment and removal of directors and continuing the company outside of the Cayman Islands; voting rights” on page 20, “ Risk Factors — Risks Relating to our Securities — The nominal purchase price paid by our sponsor for the founder shares may result in significant dilution to the implied value of your public shares upon the consummation of our initial business combination”on page 79, and “— Risks Relating to our Securities — We may issue additional ordinary shares or preference shares to complete our initial business combination or under an employee incentive plan after completion of our initial business combination. We may also issue Class A ordinary shares upon the conversion of the Class B ordinary shares at a ratio greater than one-to-one at the time of our initial business combination as a result of the anti-dilution provisions contained in our amended and restated memorandum and articles of association. Any such issuances would dilute the interest of our shareholders and likely present other risks” on page 59.

As more fully discussed in “ Management — Conflicts of Interest”on page 137, each of our officers and directors presently has, and any of them in the future may have additional, fiduciary, contractual or other obligations or duties to one or more other entities pursuant to which such officer or director is or will be required to present a business combination opportunity to such entities.The low price that our sponsor, executive officers and
directors (directly or indirectly) paid for the founder shares creates an incentive whereby our officers and directors could potentially
make a substantial profit even if we select an acquisition target that subsequently declines in value and is unprofitable for public shareholders.
If we are unable to complete