Company: BACC
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001185185-25-000948
Chunk: 24

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 Account would be used to repay the Working Capital Loans. Up to $1,500,000 of such Working Capital Loans may be convertible
into private placement units of the post Business Combination entity at a price of $10.00 per unit at the option of the lender. As of
June 30, 2025, no such Working Capital Loans were outstanding. 

Note 7 — Commitments
and Contingencies 

Risks
and Uncertainties 

The Company’s ability to complete an initial Business Combination
may be adversely affected by various factors, many of which are beyond the Company’s control. The Company’s ability to consummate
an initial Business Combination could be impacted by, among other things, changes in laws or regulations, downturns in the financial markets
or in economic conditions, inflation, fluctuations in interest rates, increases in tariffs, supply chain disruptions, declines in consumer
confidence and spending, public health considerations, and geopolitical instability, such as the military conflicts in Ukraine and the
Middle East. The Company cannot at this time predict the likelihood of one or more of the above events, their duration or magnitude or
the extent to which they may negatively impact the Company’s ability to complete an initial Business Combination.

13

BLUE ACQUISITION CORP.
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

Registration
Rights

The holders of founder shares, Private Placement
Units (and their underlying securities) and Units that may be issued upon conversion of working capital loans (and their underlying
securities), if any, the Representative Shares and any Class A ordinary shares issuable upon conversion of the founder shares and
any Class A ordinary shares held by the initial shareholders at the completion of the Initial Public Offering or acquired prior to
or in connection with the initial Business Combination, will be entitled to registration rights pursuant to a registration rights agreement
to be signed prior to or on the effective date of the registration statement for the Initial Public Offering. 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.

Underwriting
Agreement

The Company granted the underwriters a 45-day
option from the date of the Initial Public Offering to purchase an additional 2,625,000 units to cover over-allotments, if any. On
June