Company: BACC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001185185-25-001689
Chunk: 86

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 86
---
 the Initial Public Offering and the Private Placement, and, as a result, if the cash portion of the purchase
price exceeds the amount available from the Trust Account, net of amounts needed to satisfy any redemptions by Public Shareholders, we
may be required to seek additional financing to complete such proposed initial Business Combination. We may also obtain financing prior
to the closing of our initial Business Combination to fund our working capital needs and transaction costs in connection with our search
for and completion of our initial Business Combination. There is no limitation on our ability to raise funds through the issuance of
equity or equity-linked securities or through loans, advances or other indebtedness in connection with our initial Business Combination,
including pursuant to any forward purchase agreements or backstop agreements we may enter into following consummation of the Initial
Public Offering. Subject to compliance with applicable securities laws, we would only complete such financing simultaneously with the
completion of our initial Business Combination. If we are unable to complete our initial Business Combination because we do not have
sufficient funds available to us, we will be forced to liquidate the Trust Account. In addition, following our initial Business Combination,
if cash on hand is insufficient, we may need to obtain additional financing in order to meet our obligations.

The Company has incurred and expects to continue
to incur significant costs in pursuit of its financing and acquisition plans. The Company lacks the financial resources it needs to sustain
operations for a reasonable period of time, which is considered to be one year from the issuance date of the financial statement. Although
no formal agreement exists, the Sponsor, certain directors and officers, or any of their respective affiliates may, bat are not obligated
to, to extend Working Capital Loans as needed. The Company cannot assure that its plans to consummate an initial Business Combination
will be successful.

These factors, among others, raise substantial
doubt about the Company’s ability to continue as a going concern one year from the date this financial statement is issued. This
financial statement does not include any adjustments that might result from the outcome of this uncertainty.

Contractual
Obligations

We
do not have any long-term debt, capital lease obligations, operating lease obligations or long-term liabilities as of September 30, 2025.
Pursuant to the Underwriting Agreement, the underwriters of our Initial Public Offering were entitled to a Deferred Fee of $0.35 per
Public Unit, or $7,043,750 in the aggregate, payable to the underwriters