Company: BACC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001185185-25-001689
Chunk: 62

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 62
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837,163  
     20,125,000 
  
    Ownership percentage 
     28% 
     72%

    Net income allocated by class 
    $526,665  
    $1,352,420 

    Less: Remeasurement of Class A ordinary shares to redemption value based on ownership percentage 
     (590,302) 
     (1,515,831)
  
    Plus: Accretion applicable to remeasurement of redeemable Class A ordinary shares to redemption value 
     —  
     2,106,133 
  
    Total (loss) income based on ownership percentage 
    $(63,637) 
    $1,942,722 

    Weighted average shares outstanding 
     7,837,163  
     20,125,000 
  
    Basic and diluted net (loss) income per share 
    $(0.01) 
    $0.10 

The
following table presents a reconciliation of the numerator and denominator used to compute basic and diluted net income (loss) per ordinary
share for each class of ordinary shares for the period from February 10, 2025 (inception) through September 30, 2025:

    For the Period from February 10, 2025 (inception) through 

    September 30, 2025 
  
    Net income 
    $2,062,713 
  
    Less: Remeasurement of Class A ordinary shares to redemption value 
     (20,051,237)
  
    Net loss including accretion of Class A ordinary shares to redemption value 
    $(17,988,524)

9

BLUE
ACQUISITION CORP.
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

    For the Period from February 10, 2025 (inception) through 

    September 30, 2025 

    Non-redeemable Class A and  
    Redeemable shares 

    Class B  
    Class A 

    Ordinary shares  
    Ordinary shares 
  
    Total number of shares 
     7,837,163  
     20,125,000 
  
    Ownership percentage 
     28% 
     72%

    Net income allocated by class 
    $486,646  
    $1,576,067