Company: BACC
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001185185-25-000892
Chunk: 62

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 8
Chunk 62
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 described
within their respective disclosures.

The
CODM reviews the position of total assets available with the company to assess if the Company has sufficient resources available to discharge
its liabilities. The CODM is provided with details of cash and liquid resources available with the Company. Additionally, the CODM regularly
reviews the status of deferred costs incurred to assess if these are in line with the planned use of proceeds to be raised from the public
offering.

Note 6 — Related
Party Transactions

Founder
Shares

On
February 20, 2025, the Sponsor made a capital contribution of $25,000, or approximately $0.004 per share, through payments of offering
costs and expenses on the Company’s behalf, for which the Company issued 6,059,925 Class B ordinary shares, known as founder
shares, to the Sponsor. In May 2025, the Company effected a share capitalization pursuant to which the Company issued an additional
1,009,988 founder shares resulting in an aggregate of 7,069,913 founder shares outstanding to the Sponsor, resulting in a price per share
of approximately $0.004 per share. Up to 922,163 of the founder shares may be surrendered by the Sponsor for no consideration depending
on the extent to which the underwriters’ over-allotment is exercised. All share and per-share amounts have been retroactively restated
to reflect the share capitalization.

The founder shares are designated as Class B
ordinary shares and, except as described below, are identical to the Class A ordinary shares included in the units being sold in
the Initial Public Offering, and holders of founder shares have the same shareholder rights as public shareholders, except that (i) the
founder shares are subject to certain transfer restrictions, as described in more detail below, (ii) the founder shares are entitled
to registration rights; (iii) our sponsor and the Company’s officers and directors have entered into a letter agreement with
us, pursuant to which they have agreed to (A) waive their redemption rights with respect to their founder shares, private placement
shares and public shares in connection with the completion of the initial Business Combination, (B) waive their redemption rights
with respect to their founder shares, private placement shares and public shares in connection with a shareholder vote to approve an amendment
to our amended and restated memorandum and articles of association (A) to modify the substance or timing of