Company: BACC
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001185185-25-000948
Chunk: 47

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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 such modification, such as an amendment to shorten lock-up restrictions, may benefit our Initial Shareholders,
Sponsor, officers and/or directors. Any such amendments would not require approval from our shareholders, may result in the completion
of our initial Business Combination that may not otherwise have been possible, and may have an adverse effect on the value of an investment
in our securities. For example, although we would not amend lock-up provisions to permit securities held by our Initial Shareholders to
be freely sold prior to our initial Business Combination, we may amend such provisions to permit them to be freely sold after the Business
Combination earlier than they would otherwise be permitted, which may have an adverse effect on the price of our securities.

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 Information.

Trading Arrangements

During the quarterly period ended June 30, 2025,
none of our directors or officers (as defined in Rule 16a-1(f) promulgated under the Exchange Act) adopted or terminated any “Rule
10b5-1 trading arrangement” or any “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of
Regulation S-K.

Additional Information

None.

25

Item 6.
Exhibits.

The following exhibits are
filed as part of, or incorporated by reference into, this Report

    Exhibit No.