Company: BACC
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001185185-25-000892
Chunk: 1

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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ITED CONDENSED STATEMENT OF OPERATIONS

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

    Operating expenses: 

    Formation and general and administrative costs 
    $61,816 
  
    Operating loss 
     (61,816)

    Other income: 

    Interest income from operating account 
     30 
  
    Other income 
     30 
  
    Net loss 
     (61,786)

    Basic and diluted weighted average Class B ordinary shares outstanding(1)(2) 
     6,147,750 
  
    Basic and diluted net loss per Class B ordinary share 
    $(0.01)

  (1) Excludes 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.

2

Table of Contents

BLUE
ACQUISITION CORP.
UNAUDITED CONDENSED STATEMENT OF CHANGES IN SHAREHOLDER’S EQUITY

    Class B Ordinary shares  
    Additional Paid-In  
    Accumulated  
    Shareholder’s 

    Shares  
    Amount  
    Capital  
    Deficit  
    Equity 
  
    Balance as of February 10, 2025 (inception) 
     —  
    $—  
    $—  
    $—  
    $— 
  
    Class B ordinary shares issued to Sponsor(1)(2) 
     7,069,913  
     707  
     24,293  
     —  
     25,000 
  
    Contribution for purchase of private placement units 
     —  
     —  
     100,000  
     —  
     100,000 
  
    Net loss 
     —  
     —  
     —