Company: BACC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001185185-25-001689
Chunk: 88

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 88
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 entitled to registration
rights pursuant to the Registration Rights Agreement. These holders will be entitled to make up to three demands and have piggyback registration
rights. The Company will bear the expenses incurred in connection with the filing of any such registration statements.

21

Critical
Accounting Estimates

The
preparation of financial statements and related disclosures in conformity with GAAP requires Management to make estimates and assumptions
that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial
statements, and income and expenses during the periods reported. Actual results could materially differ from those estimates. We have
not identified any critical accounting estimates as of September 30, 2025.

Recent
Accounting Pronouncements

In
November 2023, the FASB issued ASU 2023-07. The amendments in ASU 2023-07 require disclosures, on an annual and interim basis, of significant
segment expenses that are regularly provided to the CODM, as well as the aggregate amount of other segment items included in the reported
measure of segment profit or loss. ASU 2023-07 requires that a public entity disclose the title and position of the CODM and an explanation
of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate
resources. Public entities will be required to provide all annual disclosures currently required by ASC 280 in interim periods, and entities
with a single reportable segment are required to provide all the disclosures required by the amendments in ASU 2023-07 and existing segment
disclosures in ASC 280. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal
years beginning after December 15, 2024, with early adoption permitted. We adopted ASU 2023-07 on February 10, 2025 (inception).

In
December 2023, the FASB issued ASU 2023-09, which provides for additional disclosures primarily related to the income tax rate reconciliations
and income taxes paid. ASU 2023-09 requires entities to annually disclose the income tax rate reconciliation using both amounts and percentages,
considering several categories of reconciling items, including state and local income taxes, foreign tax effects, tax credits and nontaxable
or nondeductible items, among others. Disclosure of the reconciling items is subject