Company: BACC
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001185185-25-000892
Chunk: 61

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 8
Chunk 61
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5 — Segment
Information

ASC
Topic 280, Segment Reporting, establishes standards for companies to report, in their financial statements, information about operating
segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise that
engage in business activities from which it may recognize revenues and incur expenses, and for which separate financial information is
available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate resources
and assess performance.

The
Company’s CODM has been identified as the Chief Financial Officer, who reviews the operating results for the Company as a whole
to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company
only has one reportable segment.

The
CODM assesses performance for the single segment and decides how to allocate resources based on net income or loss that also is reported
on the statement of operations as net income or loss. The measure of segment assets is reported on the balance sheet as total assets.
When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews several key
metrics included in net income or loss and total assets, which include the following:

    March 31, 2025 
  
    Cash 
    $70,030 
  
    Prepaid expenses – current 
    $25,000 
  
    Deferred offering costs 
    $82,900 

    For the  Period from  February 10,  2025  (Inception)  through  March 31,  2025 
  
    Formation, general and administrative costs 
    $61,816 
  
    Interest income from operating account 
    $30 

10

BLUE ACQUISITION CORP.
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2025

The
CODM reviews formation, general and administrative costs to manage and forecast cash to ensure enough capital is available to complete
a business combination or similar transaction within the business combination period. The CODM also reviews formation, general and administrative
costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. Formation,
general and administrative costs, as reported on the statement of operations, are the significant segment information provided to the
CODM on a regular basis. All other segment items included in net income or loss are reported on the statement of operations and