Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 354

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 354
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early adoption permitted. The Company is currently assessing the impact, if any, that ASU 2023-09 would have on its financial position,
results of operations or cash flows.

Note 3 — Proposed Public Offering

In the Proposed Public Offering, the Company will
offer for sale 17,500,000 Units, (or 20,125,000 Units if the underwriters’ over-allotment option is exercised in
full) at a purchase price of $10.00 per Unit. Each Unit that the Company is offering consists of one Class A ordinary share (“Public
Share”) and one right (“Public Right”) to receive one tenth (1/10) of a Class A ordinary share upon the consummation
of an initial Business Combination.

Note 4 — Private Placement

The Sponsor, BTIG and Roberts & Ryan have committed to purchase
an aggregate of 539,750 Private Placement Units (or 592,250 Private Placement Units if the underwriters’ over-allotment
option is exercised in full) at a price of $10.00 per Private Placement Unit in a private placement that will close simultaneously with
the Proposed Offering. Each Private Placement Unit consists of one Class A ordinary share (“Private Placement Share”) and
one right (“Private Placement Right”) to receive one tenth (1/10) of a Class A ordinary share upon the consummation of an
initial Business Combination. Of those 539,750 Private Placement Units (or 592,250 Private Placement Units if the underwriters’
over-allotment option is exercised in full), the Sponsor has agreed to purchase 364,750 private placement units (or 391,000 private placement
units if the underwriters’ over-allotment option is exercised in full) and BTIG and Roberts & Ryan have agreed to purchase 175,000
private placement units (or 201,250 private placement units if the underwriters’ over-allotment option is exercised in full). The
Private Placement Units are identical to the Units sold in this offering, subject to certain limited exceptions.

<div align='center'>F-11

BLUE ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS</div>

Note 5 — Segment Information

ASC Topic 280, Segment Reporting, establishes standards for companies to report, in their financial statements, information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise that engage in business activities from