Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 262

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 262
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 transfers).

The securities held by the sponsor are expected to only be distributed directly to the members of the sponsor following the consummation of our initial business combination, provided that such members agree to become subject to the applicable transfer restrictions with respect to such securities, including the letter agreement. Indirect transfers of the securities held by the sponsor, such as to another member of the sponsor or their affiliate, a family member or a new member of the sponsor, may be permitted with the prior consent of Ketan Seth, the managing member of BMH, so long as such transfer complies with the applicable transfer restrictions with respect to such securities to the same extent as the party originally subject to such restrictions.

In addition, for as long as the representative shares, private placement units (and the underlying securities) are held by BTIG, Roberts & Ryan or their respective designees or affiliates, they will be subject to the lock-up and registration rights limitations imposed by FINRA Rule 5110.

<div align='center'>154</div>

Registration Rights

The holders of the (i) founder shares, which were issued in a
private placement prior to the closing of this offering, (ii) private placement units (and the securities comprising such units)
which will be issued in a private placement simultaneously with the closing of this offering, (iii) private placement units (and
the securities comprising such units) that may be issued upon conversion of working capital loans and (iv) representative shares will
have registration rights to require us to register a sale of any of our securities held by them and any other securities of the company
acquired by them prior to the consummation of our initial business combination pursuant to a registration rights agreement to be signed
prior to or on the effective date of this offering. Pursuant to the registration rights agreement and assuming the underwriters exercise
their over-allotment option in full and $1,500,000 of working capital loans are converted into private placement units, we will be obligated
to register up to 8,061,388 Class A ordinary shares and 742,250 private placement rights. The number of Class A ordinary shares includes
(i) 7,069,913 Class A ordinary shares to be issued upon conversion of the founder shares, (ii) 592,250 Class A ordinary shares comprising
part of the private placement units, (iii) 59,225 Class A ordinary shares to be issued upon conversion of private placement rights as
part of the private placement units, (iv)