Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 257

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 257
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aging sponsor investors have expressed an interest to indirectly purchase, through the purchase of non-managing sponsor membership interests, an aggregate of 314,750 private placement units (or 341,000 units if the underwriters’ over-allotment option is exercised in full) at a price of $10.00 per unit ($3,147,500 in the aggregate, or $3,410,000 if the over-allotment is exercised in full) in a private placement that will close simultaneously with the closing of this offering. Subject to each non-managing sponsor investor purchasing, through the sponsor, the private placement units allocated to it in connection with the closing of this offering, the sponsor will issue membership interests at a nominal purchase price of $0.004 per underlying founder share to the non-managing sponsor investors reflecting indirect interests in an aggregate of 2,965,217 founder shares (or 3,410,000 founder shares if the underwriters’ over-allotment is exercised in full) held by sponsor.

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The private placement units will be identical to the units sold in this offering except that, so long as they are held by our sponsor or its permitted transferees, the private placement units (and the securities comprising such units) (i) may not, subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of our initial business combination, and (ii) will be entitled to registration rights.

If we do not complete our initial business combination within the completion window, the private placement units (and the securities comprising such units) will expire worthless. The private placement units and the securities comprising a part thereof are subject to the transfer restrictions described below.

Blue Holdings Sponsor LLC, our sponsor, our officers and directors and Alberto Pontonio are deemed to be our “promoters” as such term is defined under the federal securities laws.

Expression of Interest

Seven non-managing sponsor investors have
expressed to us an interest in purchasing an aggregate of approximately 8.5 million of the public units in this offering at the offering
price, or approximately 42.2%, of the public units in this offering at the offering price (assuming the exercise in full of the underwriters’
over-allotment option). None of the non-managing sponsor investors has expressed to us an interest in purchasing more than 9.9% of the
units to be sold in this offering.

Subject to each non-managing sponsor investor