Company: BACC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001185185-25-001689
Chunk: 24

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 Company’s officers
or directors, or any of their respective affiliates may, but are not obligated to, loan the Company funds as may be required (the “Working
Capital Loans”). If the Company completes a Business Combination, the Company would repay the Working Capital Loans. In the event
that a Business Combination does not close, the Company may use a portion of the working capital held outside the Trust Account to repay
the Working Capital Loans but no proceeds from the Trust 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 September 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

SEPTEMBER
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