Company: BACC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001185185-25-001689
Chunk: 66

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 66
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 if any, that ASU 2023-09 would have on its financial
position, results of operations or cash flows.

Note 3 — Initial
Public Offering

Pursuant
to the Initial Public Offering on June 16, 2025, the Company sold 20,125,000 Units at a purchase price of $10.00 per Unit, which includes
the full exercise of the underwriters’ over-allotment option in the amount of 2,625,000 Units. Each Unit consists of one Class
A ordinary share and one Public Right. Each ten Public Rights entitle the holder thereof to receive one Class A ordinary share at the
closing of an initial Business Combination. The Company will not issue fractional Class A ordinary shares.

Note 4 — Private
Placement

Simultaneously with the closing of the Initial Public
Offering, the Sponsor, and the underwriters purchased an aggregate of 592,250 Private Placement Units, at a price of $10.00 per Private
Placement Unit for an aggregate purchase price of $5,922,500. Of the 592,250 Private Placement Units, the Sponsor purchased 391,000 Private
Placement Units and the underwriters purchased 201,250 Private Placement Units. Each Private Placement Unit consists of one Class A ordinary
share and one Private Placement Right. A portion of the proceeds from the sale of the Private Placement Units was added to the net proceeds
from the Initial Public Offering held in the Trust Account. If the Company does not complete a Business Combination within the Combination
Period, the proceeds from the sale of the Private Placement Units held in the Trust Account will be used to fund the redemption of the
Public Shares (subject to the requirements of applicable law). The Private Placement Units (including the underlying ordinary shares
(“Private Placement Shares”) and Private Placement Rights) are identical to the Public Units (including the underlying Public
Shares and Public Rights) sold in the Initial Public Offering, subject to certain limited exceptions.

Note 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