Company: BACC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001185185-25-001689
Chunk: 4

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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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 SEPTEMBER 30, 2025

    Cash Flows from Operating Activities: 

    Net income 
    $2,062,713 
  
    Adjustments to reconcile net income to net cash used in operating activities: 

    Formation, general and administrative expenses paid by Sponsor under promissory note – related party 
     1,089 
  
    Income earned on cash and marketable securities held in Trust Account 
     (2,427,270)
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     (132,328)
  
    Accounts payable 
     92,222 
  
    Accrued expenses 
     1,800 
  
    Administrative services fee payable – related party 
     5,000 
  
    Net cash used in operating activities 
     (396,774)

    Cash Flows from Investing Activities: 

    Purchase of treasury securities in Trust Account 
     (201,250,000)
  
    Net cash used in investing activities 
     (201,250,000)

    Cash Flows from Financing Activities: 

    Proceeds from issuance of Class A ordinary shares 
     201,250,000 
  
    Proceeds from sale of private placement units 
     5,922,500 
  
    Payment of underwriting fees and reimbursements 
     (4,100,000)
  
    Payment of promissory note – related party 
     (203,557)
  
    Excess cash contribution recorded under promissory note – related party 
     167,147 
  
    Payment of offering costs 
     (343,913)
  
    Net cash provided by financing activities 
     202,692,177 

    Net Change in Cash 
     1,045,403 
  
    Cash – Beginning of period 
     — 
  
    Cash – End of period 
    $1,045,403 

    Supplemental Non-Cash Investing and Financing Activities: 

    Deferred offering costs paid by Sponsor under promissory note – related party