Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 96

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 96
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 directors may influence their motivation in identifying and selecting a target business combination, completing an initial business combination and influencing the operation of the business following the initial business combination. This risk may become more acute as the end of the completion window nears, which is the deadline for our completion of an initial business combination.

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We may issue notes or other debt securities, or otherwise incur substantial debt, to complete a business combination, which may adversely affect our leverage and financial condition and thus negatively impact the value of our shareholders’ investment in us.

Although we have no commitments as of the date of this prospectus to issue any notes or other debt securities, or to otherwise incur outstanding debt following this offering, we may choose to incur substantial debt to complete our initial business combination. The incurrence of debt could have a variety of negative effects, including:

| ● | default                                                                                                                                       
 and foreclosure on our assets if our operating revenues after an initial business combination are insufficient to repay our debt obligations; |

| ● | acceleration                                                                                                                             
 of our obligations to repay the indebtedness even if we make all principal and interest payments when due if we breach certain covenants 
 that require the maintenance of certain financial ratios or reserves without a waiver or renegotiation of that covenant;                 |

| ● | our                                                                                                         
 immediate payment of all principal and accrued interest, if any, if the debt security is payable on demand; |

| ● | our                                                                                                                                         
 inability to obtain necessary additional financing if the debt security contains covenants restricting our ability to obtain such financing 
 while the debt security is outstanding;                                                                                                     |

| ● | using                                                                                                                                 
 a substantial portion of our cash flow to pay principal and interest on our debt, which will reduce the funds available for expenses, 
 capital expenditures, acquisitions and other general corporate purposes;                                                              |

| ● | limitations                                                                                                         
 on our flexibility in planning for and reacting to changes in our business and in the industry in which we operate; |

| ● | increased                                                                                                                               
 vulnerability to adverse changes in general economic, industry and competitive conditions and adverse changes in government regulation; 
 and                                                                                                                                     |

| ● | limitations                                                                                                                           
 on our ability to borrow additional amounts for expenses, capital expenditures, acquisitions, debt service requirements, execution of 
 our strategy and other purposes and other disadvantages compared to our competitors who have less debt.                               |

We may only be able to complete one business combination with the proceeds of this offering and the sale of the private placement units, which will cause us to be