Company: BACC
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001185185-25-000892
Chunk: 2

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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     (61,786) 
     (61,786)
  
    Balance as of March 31, 2025 
     7,069,913  
    $707  
    $124,293  
    $(61,786) 
    $63,214 

  (1) Includes up to 922,163 Class B ordinary shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters (see Note 8).  (2) In May 2025, the Company effected a share capitalization for an additional 1,009,988 Class B ordinary shares, resulting in 7,069,913 Class B ordinary shares outstanding. All share and per-share amounts have been retroactively restated to reflect the share capitalization. 

The accompanying notes are an integral part of
the unaudited condensed financial statements.

3

BLUE
ACQUISITION CORP.
UNAUDITED CONDENSED STATEMENT OF CASH FLOWS

FOR
THE PERIOD FROM FEBRUARY 10, 2025 (INCEPTION) THROUGH MARCH 31, 2025

    Cash flows from operating activities: 

    Net loss 
    $(61,786)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Formation, general and administrative expenses paid by Sponsor under promissory note – related party 
     1,089 
  
    Changes in operating assets and liabilities: 

    Accounts payable 
     19,527 
  
    Accrued expenses 
     11,200 
  
    Net cash used in operating activities 
     (29,970)
  
    Cash flows from financing activities: 

    Contribution for purchase of private placement units 
     100,000 
  
    Net cash provided by financing activities 
     100,000 

    Net change in cash 
     70,030 
  
    Cash, beginning of the period 
     — 
  
    Cash, end of the period 
    $70,030 

    Supplemental disclosure of noncash investing and financing activities: 

    Prepaid expenses paid by Sponsor in exchange for issuance of Class B ordinary shares 
    $25,000 
  
    Deferred offering costs paid by Sponsor under promissory note – related party 
    $25,000 
  
    Deferred offering costs included in accrued offering costs