Company: BACC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001185185-25-001689
Chunk: 68

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 68
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 included in net income are reported on the statement of operations and described within their respective
disclosures.

The
CODM reviews the position of cash available with the company to assess if the Company has sufficient resources available to discharge
its liabilities and future obligations and to monitor the amount of funds the Company has to pursue its initial Business Combination.
The CODM reviews the position of cash and marketable securities held in the Trust Account to monitor and project the amount of funds
the Company has, or may have, to effect a business combination. Cash and cash and marketable securities held in Trust Account, as reported
on the balance sheet, are the significant segment information provided to the CODM on a regular basis. All other segment items included
in total assets are reported on the balance sheet and described within their respective disclosures.

Note 6 — Related
Party Transactions

Founder
Shares

On February 20, 2025, the Sponsor made a capital
contribution of $25,000, or approximately $0.004 per share, through payments of offering costs and expenses on the Company’s behalf,
for which the Company issued 6,059,925 Class B ordinary shares, known as founder shares, to the Sponsor. In May 2025, the Company
effected a share capitalization pursuant to which the Company issued an additional 1,009,988 founder shares resulting in an aggregate
of 7,069,913 founder shares outstanding to the Sponsor, resulting in a price per share of approximately $0.004 per share. All share and
per-share amounts have been retroactively restated to reflect the share capitalization.

12

BLUE
ACQUISITION CORP.
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

The
founder shares are designated as Class B ordinary shares and, except as described below, are identical to the Class A ordinary
shares included in the units being sold in the Initial Public Offering, and holders of founder shares have the same shareholder rights
as public shareholders, except that (i) the founder shares are subject to certain transfer restrictions, as described in more detail
below, (ii) the founder shares are entitled to registration rights; (iii) our sponsor and the Company’s officers and
directors have entered into a letter agreement with us, pursuant to which they have agreed to (A) waive their redemption rights
with respect to their founder