Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 350

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 350
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741 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities:                          |     |   |         |   |
| Formation, general and administrative expenses paid by Sponsor under promissory note – related party |     |   |   1,089 |   |
| Changes in operating assets and liabilities:                                                         |     |   |         |   |
| Accrued expenses                                                                                     |     |   |  10,652 |   |
| Net cash used in operating activities                                                                |     |   |       — |   |
| Net change in cash                                                                                   |     |   |       — |   |
| Cash, beginning of the period                                                                        |     |   |       — |   |
| Cash, end of the period                                                                              |     | $ |       — |   |
| Supplemental disclosure of noncash investing and financing activities:                               |     |   |         |   |
| Prepaid expenses paid by Sponsor in exchange for issuance of Class B ordinary shares                 |     | $ |  25,000 |   |
| Formation, general and administrative expenses paid by Sponsor under promissory note – related party |     | $ |   1,089 |   |
| Deferred offering costs paid by Sponsor under promissory note – related party                        |     | $ |  25,000 |   |
| Deferred offering costs included in accrued offering costs                                           |     | $ |   7,000 |   |

<div align='center'>The accompanying notes are an integral part of the financial statements.

F-6

BLUE ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS</div>

Note 1 — Organization and Business Operations

Blue Acquisition Corp. (the “Company”) is a special purpose acquisition company incorporated as a Cayman Islands exempted company on February 10, 2025. The Company was incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar Business Combination with one or more businesses (the “Business Combination”). The Company has not selected any specific Business Combination target and the Company has not, nor has anyone on its behalf, engaged in any substantive discussions, directly or indirectly, with any Business Combination target with respect to an initial Business Combination with the Company.

As of February 28, 2025, the Company had not commenced any operations. All activity for the period from February 10, 2025 (inception)