Company: BACC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001185185-25-001689
Chunk: 31

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 statements attributable to us or persons acting on our behalf are qualified in their
entirety by this paragraph.

The
following discussion and analysis of our financial condition and results of operations should be read in conjunction with the unaudited
condensed financial statements and the notes thereto included in this Report under “Item 1. Financial Statements”.

Overview

We
are a blank check company incorporated on February 10, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting
an initial Business Combination. We have not selected any business combination target and we have not, nor has anyone on our behalf,
initiated any substantive discussions, directly or indirectly, with any business combination target. We may pursue an initial Business
Combination in any business or industry. We intend to effectuate our initial Business Combination using cash from the proceeds of the
Initial Public Offering and the Private Placement, the proceeds of the sale of our securities in connection with our initial Business
Combination (pursuant to any forward purchase agreements or backstop agreements we may enter into following the consummation of the Initial
Public Offering or otherwise), shares issued to the owners of the target, debt issued to bank or other lenders or the owners of the target,
other securities issuances, or a combination of the foregoing.

The
issuance of additional securities in connection with a Business Combination to the owners of the target or other investors:

●may
significantly dilute the equity interest of our shareholders, which dilution would increase if the anti-dilution provisions in the Class B
Ordinary Shares resulted in the issuance of Class A Ordinary Shares on a greater than one-for-one basis upon conversion of the Class B
Ordinary Shares;

●may
subordinate the rights of holders of Class A Ordinary Shares if preference shares are issued with rights senior to those afforded
our Class A Ordinary Shares;

●could
cause a change in control if a substantial number of our Class A Ordinary Shares are issued, which may affect, among other things,
our ability to use our net operating loss carry forwards, if any, and could result in the resignation or removal of our present officers
and directors;

●may
have the effect of delaying or preventing a change of control of us by diluting the share ownership or voting rights of a person seeking
to obtain control of us; and

●may
adversely affect prevailing market prices for our Class A Ordinary Shares and/or Rights.

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