Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 200

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 200
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 and their affiliates (if not purchased on the open market) or the nature of our security 
 holders (e.g., 5% security holders) who sold to our sponsor, initial shareholders, directors, officers, advisors and their affiliates;       
 and                                                                                                                                          |

| ● | the number of our securities for which we have received redemption 
 requests pursuant to our redemption offer.                         |

Please see “ Risk Factors — If we seek shareholder approval of our initial business combination, our sponsor, initial shareholders, directors, officers, advisors and their affiliates may elect to purchase shares or Share Rights from public shareholders, which may influence a vote on a proposed business combination and reduce the public “float” of our Class A ordinary shares or Share Rights.”

Redemption Rights for Public Shareholders upon Completion of Our Initial Business Combination

We will provide our public shareholders with the opportunity
to redeem all or a portion of their Class A ordinary shares, regardless of whether they abstain, vote for, or vote against, our initial
business combination, upon the completion of our initial business combination at a per-share price, payable in cash, equal to the aggregate
amount then on deposit in the trust account calculated as of two business days prior to the consummation of the initial business
combination, including interest earned on the funds held in the trust account (less income taxes, if any, payable), divided by the number
of then outstanding public shares, subject to the limitations and on the conditions described herein. The amount in the trust account
is initially anticipated to be $10.00 per public share. The per share amount we will distribute to investors who properly redeem their
shares will not be reduced by the deferred underwriting commissions we will pay to the underwriters. Our sponsor, officers and directors
have entered into a letter agreement with us, pursuant to which they have agreed to waive their redemption rights with respect to their
founder shares, private placement shares and any public shares they may hold in connection with the completion of our initial business
combination. The non-managing sponsor investors are not required to (i) hold any units, Class A ordinary shares or Share Rights
they may purchase in this offering or thereafter for any amount of time, (ii) vote any Class A ordinary shares they may own
at the applicable time in favor of our initial business combination or (iii) refrain from exercising their right to redeem their
public shares at the time of our initial business combination. The non-managing sponsor investors will have the same rights to the funds
held