Company: BACC
Filing Date: 2025-06-02
Form Type: S-1/A
Source: 0001185185-25-000574
Chunk: 347

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-02
Form: S-1/A
Chunk 347
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 believe that our audit provides a reasonable basis for our opinion.

/s/ Elliott Davis, PLLC

We have served as the Company’s auditor since
2025.

Charlotte, North Carolina

June 2, 2025

<div align='center'>F-2

BLUE ACQUISITION CORP.
BALANCE SHEET
FEBRUARY 28, 2025</div>

| ASSETS                                                                      
 Assets:                                                                     |     |   |         |   |
|:----------------------------------------------------------------------------|:----|:--|--------:|:--|
| Prepaid expenses                                                            |     | $ |  25,000 |   |
| Deferred offering costs                                                     |     |   |  32,000 |   |
| Total Assets                                                                |     | $ |  57,000 |   |
| LIABILITIES AND SHAREHOLDER’S EQUITY                                        |     |   |         |   |
| Liabilities:                                                                |     |   |         |   |
| Accrued expenses                                                            |     | $ |  10,652 |   |
| Accrued offering costs                                                      |     |   |   7,000 |   |
| Promissory note – related                                                   
 party                                                                       |     |   |  26,089 |   |
| Total Liabilities                                                           |     |   |  43,741 |   |
| 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                                                  |     |   |  24,293 |   |
| Accumulated deficit                                                         |     |   | (11,741 | ) |
| Total shareholder’s                                                         
 equity                                                                      |     |   |  13,259 |   |
| Total Liabilities                                                           
 and