Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 251

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 251
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-allotment option is exercised in full) at $10.00 per unit for an aggregate purchase price of $4,900,000
(or $5,350,000 if the underwriters’ over-allotment option is exercised in full) in a private placement that will close simultaneously
with the closing of this offering. Of those 490,000 private placement units (or 535,000 private placement units if the underwriters’
exercise their over-allotment option in full), our sponsor has agreed to purchase 340,000,000 private placement units (or 362,500 units
if the underwriters’ over-allotment option is exercised in full) and BTIG and Roberts & Ryan have agreed to purchase 150,000 private
placement units (or 172,500 private placement units if the underwriters’ over-allotment option is exercised in full).

The private placement units will be identical to the units sold in this offering except that, so long as they are held by our sponsor or its permitted transferees, the private placement units (and the securities comprising such units) (i) may not, subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of our initial business combination and (ii) will be entitled to registration.

<div align='center'>149</div>

The non-managing sponsor investors have expressed
an interest to indirectly purchase, through the purchase of non-managing sponsor membership interests, an aggregate of 290,000 private
placement units (or 312,500 units if the underwriters’ over-allotment option is exercised in full) at a price of $10.00 per
unit ($2,900,000 in the aggregate, or $3,125,000 if the over-allotment is exercised in full) in a private placement that will close simultaneously
with the closing of this offering. Subject to each non-managing sponsor investor purchasing, through the sponsor, the private placement
units allocated to it in connection with the closing of this offering, the sponsor will issue membership interests at a nominal purchase
price of $0.004 per underlying founder share to the non-managing sponsor investors reflecting indirect interests in an aggregate of 2,717,391
founder shares (or up to 3,125,000 founder shares if the over-allotment is exercised in full) held by the sponsor.

Prior to or in connection with the completion of our
initial business combination,