Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 342

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 342
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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 490,000 Private Placement Units, the Sponsor has agreed to purchase 340,000 private placement units
(or 362,500 private placement 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 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 which it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess performance.

The Company’s CODM has been identified as the Chief Financial Officer, who reviews the operating results for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company only has one reportable segment.

The CODM assesses performance for the single segment and decides how to allocate resources based on net income or loss that also is reported on the statement of operations as net income or loss. The measure of segment assets is reported on the balance sheet as total assets. When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews several key metrics included in net income or loss and total assets, which include the following:

|                         |     | February 28, 
 2025         |        |
|:------------------------|:----|:-------------|-------:|
| Deferred offering costs |     | $            | 32,000 |

|                                             |     | For the      
 Period from  
 February 10, 
 2025         
 (Inception)  
 through      
 February 28, 
 2025         |        |
|:--------------------------------------------|:----|:-------------|-------:|