Company: BACC
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001185185-25-000948
Chunk: 115

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 2
Chunk 115
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 a related party receivable as of June 30, 2025.

Commitments
and Contingencies

The holders of (i) Founder Shares, (ii) Private
Placement Units (and their underlying securities) and units that may be issued upon conversion of Working Capital Loans (and their underlying
securities), if any, (iii) the Representative Shares, (iv) any Class A Ordinary Shares issuable upon conversion of the Founder Shares
and (v) any Class A Ordinary Shares held by the Initial Shareholders at the completion of the Initial Public Offering or acquired prior
to or in connection with the initial Business Combination, will be entitled to registration rights pursuant to the Registration Rights
Agreement. These holders will be entitled to make up to three demands and have piggyback registration rights. The Company will bear the
expenses incurred in connection with the filing of any such registration statements.

21

Critical
Accounting Estimates

The preparation of financial statements and related
disclosures in conformity with GAAP requires Management to make estimates and assumptions that affect the reported amounts of assets and
liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and income and expenses during the
periods reported. Actual results could materially differ from those estimates. We have not identified any critical accounting estimates
as of June 30, 2025.

Recent
Accounting Pronouncements

In November 2023, the FASB issued ASU 2023-07.
The amendments in ASU 2023-07 require disclosures, on an annual and interim basis, of significant segment expenses that are regularly
provided to the CODM, as well as the aggregate amount of other segment items included in the reported measure of segment profit or loss.
ASU 2023-07 requires that a public entity disclose the title and position of the CODM and an explanation of how the CODM uses the reported
measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. Public entities will be
required to provide all annual disclosures currently required by ASC 280 in interim periods, and entities with a single reportable segment
are required to provide all the disclosures required by the amendments in ASU 2023-07 and existing segment disclosures in ASC 280. ASU
2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December
15, 2024, with early adoption permitted. We