Company: BACC
Filing Date: 2025-03-26
Form Type: DRS
Source: 0001185185-25-000217
Chunk: 160

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-03-26
Form: DRS
Chunk 160
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 the purchase of non-managing membership interests, 
 an aggregate of 365,000 private placement units (or 376,250 private placement units if the over-allotment is exercised in full) at a         
 price of $10.00 per unit ($3,650,000 in the aggregate, or $3.762,500 of the over-allotment option is exercised in full) in a private         
 placement that will close simultaneously with the closing of this offering. The purchase of the non-managing sponsor membership interests    
 is not contingent upon the participation in this offering or vice versa.                                                                     |
| (3) | As of the date of this prospectus, no such arrangements are currently                                                                        
 in place.                                                                                                                                    |

Because our sponsor acquired the founder shares at a nominal price of $0.004 per share, our public shareholders will incur immediate and material dilution upon the closing of this offering. Further, the Class A ordinary shares issuable in connection with the conversion of the founder shares may result in material dilution to our public shareholders due to the anti-dilution rights of our founder shares that may result in an issuance of Class A ordinary shares on a greater than one-for-one basis upon conversion. Additionally, our public shareholders may experience dilution from the conversion of the 565,000 private placement rights into 56,500 Class A ordinary shares (or 621,250 private placement rights converting into 62,125 Class A ordinary shares if the underwriters’ over-allotment option is exercised in full) to be purchased in the private placement simultaneously with the closing of this offering. Further, our public shareholders may experience material dilution if the $1,500,000 in working capital loans is fully advanced by the sponsor and the sponsor elects to convert the working capital loans into private placement units at $10.00 per unit, resulting in the sponsor receiving an additional 150,000 private placement units. See the section titled “ 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,”and “Dilution.”

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The founder shares will automatically convert into Class A ordinary shares at the time of our initial business combination, or at any time prior thereto at the option of the holder thereof, on a one-for-one basis, subject to adjustment as provided herein. In the case