Company: BACC
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001185185-25-000948
Chunk: 22

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 22
---
 redemption rights with respect to their founder shares, private placement
shares and public shares in connection with the completion of the initial Business Combination, (B) waive their redemption rights
with respect to their founder shares, private placement shares and public shares in connection with a shareholder vote to approve an amendment
to our amended and restated memorandum and articles of association (A) to modify the substance or timing of our obligation to allow
redemption in connection with our initial business combination or to redeem 100% of the public shares if we have not consummated an initial
business combination within the completion window or (B) with respect to any other material provisions relating to shareholders’
rights or pre-initial business combination activity, (C) waive their rights to liquidating distributions from the trust account with
respect to their founder shares or private placement shares if we fail to complete the initial Business Combination within the completion
window, although they will be entitled to liquidating distributions from the Trust Account with respect to any public shares they hold
if the Company fails to complete the initial Business Combination within such time period and to liquidating distributions from assets
outside the trust account and (D) vote any founder shares and private placement shares held by them and any public shares purchased
during or after the Initial Public Offering (including in open market and privately-negotiated transactions, aside from shares they may
purchase in compliance with the requirements of Rule 14e-5 under the Exchange Act, which would not be voted in favor of approving
the Business Combination transaction) in favor of the initial Business Combination, (iv) the founder shares are automatically convertible
into Class A ordinary shares in connection with the consummation of the initial Business Combination or earlier at the option of
the holder on a one-for-one basis, subject to adjustment as described herein and in the Company amended and restated memorandum and articles
of association, and (v) prior to the closing of the initial Business Combination, only holders of the Class B ordinary shares
will be entitled to vote on the appointment and removal of directors or continuing the company in a jurisdiction outside the Cayman Islands
(including any special resolution required to amend our constitutional documents or to adopt new constitutional documents, in each case,
as a result of our approving a transfer by way of continuation in a jurisdiction outside the Cayman Islands).

Promissory
Note — Related Party

The Sponsor has agreed to loan the Company an
aggregate of up to $