Company: BACC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001185185-25-001689
Chunk: 132

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 4
Chunk 132
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 controls and procedures must reflect the fact that there
are resource constraints, and the benefits must be considered relative to their costs. Because of the inherent limitations in all disclosure
controls and procedures, no evaluation of disclosure controls and procedures can provide absolute assurance that we have detected all
our control deficiencies and instances of fraud, if any. The design of disclosure controls and procedures also is based partly on certain
assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated
goals under all potential future conditions.

Changes
in Internal Control over Financial Reporting

Not
applicable.

22

Table of Contents 

PART II –
OTHER INFORMATION

Item 1.
Legal Proceedings.

To
the knowledge of our Management, there is no material litigation, currently pending against us, any of our officers or directors in their
capacity as such or against any of our property.

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