Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 169

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 169
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 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; |

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| ● | 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.                               |

As indicated in the accompanying financial statements, at February 28, 2025, we had no cash and deferred offering costs of $32,000. Further, we expect to incur significant costs in the pursuit of our initial business combination. We cannot assure you that our plans to raise capital or to complete our initial business combination will be successful.

Results of Operations and Known Trends or Future Events

We have neither engaged in any operations nor generated any revenues to date. Our only activities since inception have been organizational activities and those necessary to prepare for this offering. Following this offering, we will not generate any operating revenues until after completion of our initial business combination. We will generate non-operating income in the form of interest income on cash and cash equivalents after this offering. There has been no significant change in our financial or trading position and no material adverse change has occurred since the date of our audited financial statements. After this offering, we expect to incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses. We expect our expenses to increase substantially after the closing of this offering.

Liquidity and Capital Resources

Our liquidity needs have been satisfied prior to the completion of this offering through $25,000 paid by the sponsor to cover certain of our offering and formation costs in exchange for the issuance of the founder shares to our sponsor and $300,000 in loans from our sponsor.

We estimate that the net proceeds from the sale of the units in this
offering and the sale of the private placement units for an aggregate purchase price of $180,397,500 (or $207,172,500 if the underwriters’
over-allotment option is exercised in full), after deducting offering expenses of approximately $747