Company: BACC
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001185185-25-000948
Chunk: 3

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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    Sale
    of private placement units 
     592,250  
     59  
     —  
     —  
     5,822,441  
     —  
     5,822,500 
  
    Sale
    of representative shares 
     175,000  
     18  
     —  
     —  
     1,749,982  
     —  
     1,750,000 
  
    Remeasurement
    of Class A ordinary shares to redemption value 
     —  
     —  
     —  
     —  
     (12,058,022) 
     (5,887,082) 
     (17,945,104)
  
    Net
    income 
     —  
     —  
     —  
     —  
     —  
     245,414  
     245,414 
  
    Balance
    – June 30, 2025 
     767,250  
    $77  
     7,069,913  
    $707  
    $—  
    $(5,703,454) 
    $(5,702,670)

(1)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. 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.

3

BLUE
ACQUISITION CORP.
UNAUDITED CONDENSED STATEMENT OF CASH FLOWS

FOR THE PERIOD FROM FEBRUARY 10, 2025 (INCEPTION)
THROUGH JUNE 30, 2025

    Cash Flows from Operating Activities: 

    Net income 
    $183,628 
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Formation, general and administrative expenses paid by Sponsor under promissory note – related party 
     1,089 
  
    Dividend income on marketable securities held in Trust Account 
     (321,137)