Company: BACC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001185185-25-001689
Chunk: 26

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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designees to whom the Representative Shares are issued agree) (i) to waive its redemption rights (or right to participate in any
tender offer) with respect to such shares in connection with the completion of the Company’s initial Business Combination and (ii) to
waive its rights to liquidating distributions from the Trust Account with respect to such shares if the Company fails to complete a Business
Combination within the Combination Period. In addition, the Representative Shares are not transferable, assignable or saleable until
30 days after the completion of our initial business combination (except with respect to permitted transferees as described herein
under the section of the final prospectus entitled “Principal Shareholders — Restrictions on Transfers of Founder
Shares and Private Placement Units”).

Note 8 — Shareholder’s
Deficit

Preference
Shares

The
Company is authorized to issue a total of 5,000,000 preference shares at par value of $0.0001 each. As of September 30, 2025, there were
no preferred shares issued or outstanding.

Class A
Ordinary Shares 

The
Company is authorized to issue a total of 500,000,000 Class A ordinary shares at par value of $0.0001 each. As of September 30,
2025 there were 767,250 Class A ordinary shares issued and outstanding, excluding 20,125,000 shares subject to possible redemption.

Class B
Ordinary Shares 

The
Company is authorized to issue a total of 50,000,000 Class B ordinary shares at par value of $0.0001 each. On February 20, 2025,
the Sponsor made a capital contribution of $25,000, or approximately $0.004 per share, through payments of offering costs and expenses
on the Company’s behalf, for which the Company issued 6,059,925 Class B ordinary shares, known as founder shares, to the Sponsor.
In May 2025, the Company effected a share capitalization pursuant to which the Company issued an additional 1,009,988 founder shares
resulting in an aggregate of 7,069,913 founder shares outstanding to the Sponsor, resulting in a price per share of approximately $0.004
per share. All share and per-share amounts have been retroactively restated to reflect the share capitalization. As of September 30,
2025, there were 7,