Company: BACC
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001185185-25-000607
Chunk: 342

Company: Blue Acquisition Corp/Cayman
Filing Date: 2025-06-11
Form: S-1/A
Chunk 342
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| Statement of Operations for the Period from February 10, 2025 (Inception) through February 28, 2025                      |     | F-4  |
| Statement of Changes in Shareholder’s Equity for the period from February 10, 2025 (Inception) through February 28, 2025 |     | F-5  |
| Statement of Cash Flows for the period from February 10, 2025 (Inception) through February 28, 2025                      |     | F-6  |
| Notes to Financial Statements                                                                                            |     | F-7  |

<div align='center'>F-1

Report of Independent Registered Public Accounting Firm</div>

To the Board of Directors and Shareholder

of Blue Acquisition Corp.

Opinion on the Financial Statements

We have audited the accompanying balance sheet of Blue Acquisition Corp. (the “Company”) as of February 28, 2025, the related statements of operations, changes in shareholder’s equity, and cash flows for the period from February 10, 2025 (inception) through February 28, 2025, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of February 28, 2025, and the results of its operations and its cash flows for period from February 10, 2025, (inception) through February 28, 2025, in conformity with accounting principles generally accepted in the United States of America.

Substantial Doubt about the Company’s Ability to Continue as a Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company has a working capital deficiency, expects to incur significant costs in pursuit of its acquisition plans, and has stated that substantial doubt exists about the Company’s ability to continue as a going concern. Management’s plans regarding these matters are also described in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Basis for Opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (the “PCAOB”) and are required to be independent with