Company: BACC
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001185185-25-000892
Chunk: 0

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1.
Financial Statements.

BLUE
ACQUISITION CORP.
UNAUDITED CONDENSED BALANCE SHEET

MARCH
31, 2025

    ASSETS 

    Assets: 

    Cash 
    $70,030 
  
    Prepaid expenses 
     25,000 
  
    Deferred offering costs 
     82,900 
  
    Total Assets 
    $177,930 

    LIABILITIES AND SHAREHOLDER’S EQUITY 

    Liabilities: 

    Accounts payable 
    $19,527 
  
    Accrued expenses 
     11,200 
  
    Accrued offering costs 
     57,900 
  
    Promissory note – related party 
     26,089 
  
    Total Liabilities 
     114,716 

    Commitments and Contingencies (Note 7) 

    Shareholder’s Equity: 

    Preferred shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding 
     — 
  
    Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; none issued and outstanding 
     — 
  
    Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 7,069,913 shares issued and outstanding(1)(2) 
     707 
  
    Additional paid-in capital 
     124,293 
  
    Accumulated deficit 
     (61,786)
  
    Total shareholder’s equity 
     63,214 
  
    Total Liabilities and Shareholder’s Equity 
    $177,930 

    (1) Includes up to 922,163 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).    (2) In May 2025, the Company effected a share capitalization for an additional 1,009,988 Class B ordinary shares, resulting in 7,069,913 Class B ordinary shares outstanding. All share and per-share amounts have been retroactively restated to reflect the share capitalization. 

The accompanying notes are an integral part of
the unaudited condensed financial statements.

1

Table of Contents

BLUE
ACQUISITION CORP.
UNAUD