Company: BACC
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001185185-25-000892
Chunk: 14

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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000 Units, (or 20,125,000 Units if the underwriters’ over-allotment option is exercised in
full) at a purchase price of $10.00 per Unit. Each Unit that the Company is offering consists of one Class A ordinary share (“Public
Share”) and one right (“Public Right”) to receive one tenth (1/10) of a Class A ordinary share upon the consummation
of an initial Business Combination.

On
June 16, 2025, the Company consummated its initial public offering (“Initial Public Offering”) of 20,125,000 Unit, which
includes 2,625,000 Units issued pursuant to the full exercise by the underwriters of their over-allotment option at a price of $10.00
per Unit, generating gross proceeds to the Company of $201,250,000 (see Note 9).

Note 4 — Private
Placement

The Sponsor, BTIG and Roberts & Ryan have
committed to purchase an aggregate of 539,750 Private Placement Units (or 592,250 Private Placement Units if the underwriters’
over-allotment option is exercised in full) at a price of $10.00 per Private Placement Unit in a private placement that will close simultaneously
with the Initial Offering. Each Private Placement Unit consists of one Class A ordinary share (“Private Placement Share”)
and one right (“Private Placement Right”) to receive one tenth (1/10) of a Class A ordinary share upon the consummation of
an initial Business Combination. Of those 539,750 Private Placement Units (or 592,250 Private Placement Units if the underwriters’
over-allotment option is exercised in full), the Sponsor has agreed to purchase 364,750 private placement units (or 391,000 private placement
units if the underwriters’ over-allotment option is exercised in full) and BTIG and Roberts & Ryan have agreed to purchase 175,000
private placement units (or 201,250 private placement units if the underwriters’ over-allotment option is exercised in full). The
Private Placement Units are identical to the Units sold in the Initial Public Offering, subject to certain limited exceptions.

On
June 16, 2025, the Company completed the private sale of 592,250 Private Placement Units to the Sponsor and the underwriters at a price
of $10.00 per Private Placement Unit for an