Company: BACC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001185185-25-001689
Chunk: 150

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-11-12
Form: 10-Q
Item: Part II, Item 1A
Chunk 150
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Item 1A.
Risk Factors.

As a smaller reporting company under Rule 12b-2 of
the Exchange Act, we are not required to include risk factors in this Report. However, for risks relating to our operations, see the section
titled “Risk Factors” contained in the Registration Statement on Form S-1 initially filed with the SEC on May 14, 2025, as
amended (the “IPO Registration Statement”), and declared effective on June 12, 2025 (File No. 333- 287281) and Quarterly Report
on Form 10Q for the quarterly period ended March 31, 2025 and June 30, 2025 as filed with the SEC on August 4, 2025 and August 12, 2025,
respectively. As of the date of this Report, there have been no material changes with respect to those risk factors, other than as set
forth below. Any of these previously disclosed risk factors could result in a significant or material adverse effect on our results of
operations or financial condition. Additional risks not presently known to us or that we currently deem immaterial may also affect our
business or ability to consummate an initial Business Combination. We may disclose changes to such risk factors or disclose additional
risk factors from time to time in our future filings with the SEC.

Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds.

Unregistered
Sales of Equity Securities

There
were no sales of unregistered securities during the quarterly period covered by the Report.

Use
of Proceeds

There
have been no offerings of registered securities and therefore no planned use of proceeds from such offerings during the quarterly period
covered by the Report. For a description of the use of proceeds generated in our Initial Public Offering and Private Placement, see Part
II, Item 2 of our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025 as filed with the SEC on August 4, 2025.

There
has been no material change in the planned use of the proceeds from our Initial Public Offering and the Private Placement as described
in the IPO Registration Statement. The specific investments in our Trust Account may change from time to time.

Purchases
of Equity Securities by the Issuer and Affiliated Purchasers

None.

Item 3.
Defaults Upon Senior Securities.

None.

Item 4.
Mine Safety Disclosures.

Not
applicable.

Item 5.
Other