Company: BACC
Filing Date: 2025-03-26
Form Type: DRS
Source: 0001185185-25-000217
Chunk: 148

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-03-26
Form: DRS
Chunk 148
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 person seeking 
 to obtain control of us; and                                                                                                             |

| ● | may                                                                                            
 adversely affect prevailing market prices for our Class A ordinary shares and/or Share Rights. |

Similarly, if we issue debt securities or otherwise incur significant debt to bank or other lenders or the owners of a target, it could result in:

| ● | default                                                                                                                                       
 and foreclosure on our assets if our operating revenues after an initial business combination are insufficient to repay our debt obligations; |

| ● | acceleration                                                                                                                             
 of our obligations to repay the indebtedness even if we make all principal and interest payments when due if we breach certain covenants 
 that require the maintenance of certain financial ratios or reserves without a waiver or renegotiation of that covenant;                 |

| ● | our                                                                                                         
 immediate payment of all principal and accrued interest, if any, if the debt security is payable on demand; |

| ● | our                                                                                                                                         
 inability to obtain necessary additional financing if the debt security contains covenants restricting our ability to obtain such financing 
 while the debt security is outstanding;                                                                                                     |

| ● | using                                                                                                                                 
 a substantial portion of our cash flow to pay principal and interest on our debt, which will reduce the funds available for expenses, 
 capital expenditures, acquisitions and other general corporate purposes;                                                              |

| ● | limitations                                                                                                         
 on our flexibility in planning for and reacting to changes in our business and in the industry in which we operate; |

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| ● | increased                                                                                                                               
 vulnerability to adverse changes in general economic, industry and competitive conditions and adverse changes in government regulation; 
 and                                                                                                                                     |

| ● | limitations                                                                                                                           
 on our ability to borrow additional amounts for expenses, capital expenditures, acquisitions, debt service requirements, execution of 
 our strategy and other purposes and other disadvantages compared to our competitors who have less debt.                               |

As indicated in the accompanying financial statements, at February 28, 2025, we had no cash and deferred offering costs of $32,000. Further, we expect to incur significant costs in the pursuit of our initial business combination. We cannot assure you that our plans to raise capital or to complete our initial business combination will be successful.

Results of Operations and Known Trends or Future Events

We have neither engaged in any operations nor generated any revenues to date. Our only activities since inception have been organizational activities and those necessary to prepare for this offering. Following this offering, we will not generate any operating revenues until after completion of our initial business combination. We