Company: BACC
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001185185-25-000948
Chunk: 15

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 15
---
 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
     
    $ 
    21,767

    $ 
    223,647

    Less: Remeasurement of Class A ordinary shares to redemption value based on ownership percentage

    (5,029,608
    )

    (12,915,496
    )
  
    Plus: Accretion applicable to remeasurement of redeemable Class A ordinary shares to redemption value

    —

    17,945,104

    Total (loss) income based on ownership percentage
     
    $
    (5,007,841
    )
     
    $
    5,253,255

    Weighted average shares outstanding

    6,610,815

    3,096,154

    Basic and diluted net (loss) income per share
     
    $
    (0.76
    )
     
    $
    1.70

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 June 30, 2025:

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

    June 30,
2025

    Net income
     
    $
    183,628

    Less: Remeasurement of Class A ordinary shares to redemption value

    (17,945,104
    )
  
    Net loss including accretion of Class A ordinary shares to redemption value
     
    $
    (17,761,476
    )

9

BLUE ACQUISITION CORP.
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

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

    June 30, 2025 

    Non-redeemable Class A and  
    Redeemable shares 

    Class B  
    Class A 

    Ordinary shares  
    Ordinary shares 
  
    Total number of shares 
     7,