Company: BACC
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001185185-25-000948
Chunk: 20

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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engage in business activities from which it may recognize revenues and incur expenses, and for which separate financial information is
available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate resources
and assess performance.

11

BLUE ACQUISITION CORP.
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

The
Company’s CODM has been identified as the Chief Financial Officer, who reviews the operating results for the Company as a whole
to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company
only has one reportable segment.

The
CODM assesses performance for the single segment and decides how to allocate resources based on net income or loss that also is reported
on the statement of operations as net income or loss. The measure of segment assets is reported on the balance sheet as total assets.
When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews several key
metrics included in net income or loss and total assets, which include the following:

    June 30, 2025 
  
    Cash 
    $1,235,432 
  
    Cash and marketable securities held in Trust Account 
    $201,571,137 
  
    Total assets 
    $202,970,429 

    For the Three Months Ended  June 30, 2025  
    For the  Period from  February 10,  2025  (Inception)  through  June 30,  2025 
  
    Operating loss 
    $(76,432) 
    $(138,248)
  
    Dividend income on marketable securities held in Trust Account 
    $321,137  
    $321,137 

The CODM reviews operating loss to manage and
forecast cash to ensure enough capital is available to complete a business combination or similar transaction within the business combination
period. The CODM also reviews operating loss to manage, maintain and enforce all contractual agreements to ensure costs are aligned with
all agreements and budget. The CODM reviews dividend income on marketable securities held in Trust Account to monitor and project the
amount of funds the Company has, or may have, to effect a business combination. Operating loss and dividend income on marketable securities
held in Trust Account, as reported on the statement of operations, are the significant segment information provided to the CODM on a