Company: BACC
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001185185-25-000892
Chunk: 26

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 trust account that may be released to the Company to pay its taxes and up to $100,000 for dissolution expenses,
the funds held in the trust account will not be released from the trust account until the earliest of (i) the completion of the Company’s
initial business combination, (ii) the redemption of the Company’s public shares if it is unable to complete its initial business
combination within 21 months from the closing of the IPO (or by such earlier liquidation date as the Company’s board of directors
may approve), subject to applicable law, or (iii) the redemption of the Company’s public shares properly submitted in connection
with a shareholder vote to amend the Company’s Amended and Restated Memorandum and Articles of Association to modify the substance
or timing of its obligation to redeem 100% of the Company’s public shares if it has not consummated an initial business combination
within 21 months from the closing of the IPO or with respect to any other material provisions relating to shareholders’ rights
or pre-initial business combination activity.

15

Item 2.
Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Cautionary Note Regarding Forward-Looking
Statements

All statements other than statements of historical
fact included in this Report including, without limitation, statements under this Item regarding our financial position, business strategy
and the plans and objectives of Management for future operations, are forward-looking statements. When used in this Report, words such
as “anticipate,” “believe,” “estimate,” “expect,” “intend” and similar expressions,
as they relate to us or our Management, identify forward-looking statements. Such forward-looking statements are based on the beliefs
of our Management, as well as assumptions made by, and information currently available to, our Management. Actual results could differ
materially from those contemplated by the forward-looking statements as a result of certain factors detailed in our filings with the SEC.
All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety
by this paragraph.

The following discussion and analysis of our financial condition and
results of operations should be read in conjunction with the unaudited condensed financial statements and the notes thereto included in
this Report under “Item 1. Financial Statements”.

Overview

We are a blank check company incorporated on February
10, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting an initial Business Combination. We have not