Company: BACC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001185185-25-001689
Chunk: 107

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 107
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 will be used for miscellaneous expenses and reserves.

20

These
amounts are estimates and may differ materially from our actual expenses. In addition, we could use a portion of the funds not being
placed in the Trust Account to pay commitment fees for financing, fees to consultants to assist us with our search for a target business
or as a down payment or to fund a “no-shop” provision (a provision designed to keep target businesses from “shopping”
around for transactions with other companies or investors on terms more favorable to such target businesses) with respect to a particular
proposed Business Combination, although we do not have any current intention to do so. If we entered into an agreement where we paid
for the right to receive exclusivity from a target business, the amount that would be used as a down payment or to fund a “no-shop”
provision would be determined based on the terms of the specific Business Combination and the amount of our available funds at the time.
Our forfeiture of such funds (whether as a result of our breach or otherwise) could result in our not having sufficient funds to continue
searching for, or conducting due diligence with respect to, prospective target businesses.

Moreover,
we may need to obtain additional financing to complete our initial Business Combination, either because the transaction requires more
cash than is available from the proceeds held in our Trust Account or because we become obligated to redeem a significant number of our
Public Shares upon completion of the Business Combination, in which case we may issue additional securities or incur debt in connection
with such Business Combination. In addition, we intend to target businesses with enterprise values that are greater than we could acquire
with the net proceeds of the Initial Public Offering and the Private Placement, and, as a result, if the cash portion of the purchase
price exceeds the amount available from the Trust Account, net of amounts needed to satisfy any redemptions by Public Shareholders, we
may be required to seek additional financing to complete such proposed initial Business Combination. We may also obtain financing prior
to the closing of our initial Business Combination to fund our working capital needs and transaction costs in connection with our search
for and completion of our initial Business Combination. There is no limitation on our ability to raise funds through the issuance of
equity or equity-linked securities or through loans, advances or other indebtedness in connection with our initial Business Combination,
including pursuant to any forward purchase agreements or backstop agreements we may enter into following consummation of the Initial
Public Offering. Subject to compliance with