Company: BACC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001185185-25-001689
Chunk: 76

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 76
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 Share Right upon consummation
of the Business Combination. The Company will not issue fractional shares in connection with an exchange of Share Rights. Fractional
shares will either be rounded down to the nearest whole share or otherwise addressed in accordance with the applicable provisions of
Cayman Islands law. As a result, you must hold Share Rights in multiples of 10 in order to receive shares for all of your Share Rights
upon closing of a Business Combination. If the Company is unable to complete an initial Business Combination within the required time
period and the Company redeems the public shares for the funds held in the Trust Account, holders of Share Rights will not receive any
of such funds for their Share Rights and the Share Rights will expire worthless. 

15

Note 9 — Fair
Value Measurements

At
September 30, 2025, the Company’s marketable securities held in the Trust Account were valued at $203,677,270. The marketable securities
held in the Trust Account must be recorded on the balance sheet at fair value and are subject to remeasurement at each balance sheet
date. With each remeasurement, the valuations will be adjusted to fair value, with the change in fair value recognized in the Company’s
statement of operations. 

The
following table presents the fair value information, as of September 30, 2025, of the Company’s financial assets that were accounted
for at fair value on a recurring basis and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine
such fair value. The Company’s marketable securities held in the Trust Account are based on dividend and interest income and market
fluctuations in the value of invested marketable securities, which are considered observable. The fair value of the marketable securities
held in trust is classified within Level 1 of the fair value hierarchy.

The
following table sets forth by level within the fair value hierarchy the Company’s assets and liabilities that were accounted for
at fair value on a recurring basis:

    (Level
    1)

    (Level
    2)

    (Level
    3)

    As of September 30, 2025

    Assets:

    Treasury Trust Funds held in Trust
    Account
     
    $
    203,677,270

    $
    —

    $
    —

The fair value of the Public Rights is $4,361,306,
or $0.23 per Public Rights as of June