Company: BACC
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001185185-25-000948
Chunk: 76

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 76
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or right to participate in any
tender offer) with respect to such shares in connection with the completion of the Company’s initial Business Combination and (ii) to
waive its rights to liquidating distributions from the Trust Account with respect to such shares if the Company fails to complete a Business
Combination within the Combination Period. In addition, the Representative Shares are not transferable, assignable or saleable until 30 days
after the completion of our initial business combination (except with respect to permitted transferees as described herein under the section
of the final prospectus entitled “Principal Shareholders — Restrictions on Transfers of Founder Shares and Private
Placement Units”).

Note 8 — Shareholder’s
Deficit

Preference
Shares

The Company is authorized to issue a total of
5,000,000 preference shares at par value of $0.0001 each. As of June 30, 2025, there were no preferred shares issued or outstanding.

Class A Ordinary Shares 

The Company is authorized to issue a total of
500,000,000 Class A ordinary shares at par value of $0.0001 each. As of June 30, 2025 there were 767,250 Class A ordinary shares
issued and outstanding, excluding 20,125,000 shares subject to possible redemption.

Class B
Ordinary Shares 

The Company is authorized to issue a total of
50,000,000 Class B ordinary shares at par value of $0.0001 each. 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. As of June 30, 2025, there were 7,069,913 Class B ordinary shares
issued and outstanding.

14

BLUE ACQUISITION CORP