Company: BACC
Filing Date: 2025-05-14
Form Type: S-1
Source: 0001185185-25-000465
Chunk: 331

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-05-14
Form: S-1
Chunk 331
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 |     |                 |         — |     |        |   — |     |            |      — |     |             | (11,741 | ) |     |               | (11,741 | ) |
| Balance as of February 28, 2025              |     |                 | 6,059,925 |     | $      | 606 |     | $          | 24,394 |     | $           | (11,741 | ) |     | $             |  13,259 |   |

| (1) | Includes                                                                                                                        
 up to 790,425 Class B ordinary shares subject to forfeiture if the over-allotment option is not exercised in full or in part by 
 the underwriters (see Note 8).                                                                                                  |

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

F-5

BLUE ACQUISITION CORP.
STATEMENT OF CASH FLOWS

FOR THE PERIOD FROM FEBRUARY 10, 2025 (INCEPTION) THROUGH FEBRUARY 28, 2025</div>

| Cash flows from operating activities:                                                                |     |   |         |   |
|:-----------------------------------------------------------------------------------------------------|:----|:--|--------:|:--|
| Net loss                                                                                             |     | $ | (11,741 | ) |
| 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