Company: BACC
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001185185-25-000892
Chunk: 34

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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These amounts are estimates and may differ materially
from our actual expenses. In addition, we could use a portion of the funds not being placed in the Trust Account to pay commitment fees
for financing, fees to consultants to assist us with our search for a target business or as a down payment or to fund a “no-shop”
provision (a provision designed to keep target businesses from “shopping” around for transactions with other companies or
investors on terms more favorable to such target businesses) with respect to a particular proposed Business Combination, although we do
not have any current intention to do so. If we entered into an agreement where we paid for the right to receive exclusivity from a target
business, the amount that would be used as a down payment or to fund a “no-shop” provision would be determined based on the
terms of the specific Business Combination and the amount of our available funds at the time. Our forfeiture of such funds (whether as
a result of our breach or otherwise) could result in our not having sufficient funds to continue searching for, or conducting due diligence
with respect to, prospective target businesses.

Moreover, we may need to obtain additional financing
to complete our initial Business Combination, either because the transaction requires more cash than is available from the proceeds held
in our Trust Account or because we become obligated to redeem a significant number of our Public Shares upon completion of the Business
Combination, in which case we may issue additional securities or incur debt in connection with such Business Combination. In addition,
we intend to target businesses with enterprise values that are greater than we could acquire with the net proceeds of the Initial Public
Offering and the Private Placement, and, as a result, if the cash portion of the purchase price exceeds the amount available from the
Trust Account, net of amounts needed to satisfy any redemptions by Public Shareholders, we may be required to seek additional financing
to complete such proposed initial Business Combination. We may also obtain financing prior to the closing of our initial Business Combination
to fund our working capital needs and transaction costs in connection with our search for and completion of our initial Business Combination.
There is no limitation on our ability to raise funds through the issuance of equity or equity-linked securities or through loans, advances
or other indebtedness in connection with our initial Business Combination, including pursuant to any forward purchase agreements or backstop
agreements we may enter into following consummation of the Initial Public Offering. Subject to compliance with applicable securities laws,
we would only complete such