Blue Acquisition Corp/Cayman
For the period ended Jun 30, 2025. Filed Aug 12, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 12, 2025
BACC$10.48+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Balance Sheet as of June 30, 2025
UNAUDITED CONDENSED BALANCE SHEET
| June 30, | |
|---|---|
| ASSETS | |
| Current Assets: | |
| Cash | $1,235,432 |
| Prepaid expenses - current | 82,032 |
| Due from related party | 10,321 |
| Total Current Assets | 1,327,785 |
| Non-current Assets: | |
| Cash and marketable securities held in Trust Account | 201,571,137 |
| Prepaid expenses – non-current | 71,507 |
| Total Non-current Assets | 201,642,644 |
| TOTAL ASSETS | $202,970,429 |
| LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT | |
| Current Liabilities: | |
| Accounts payable | $47,376 |
| Accrued expenses | 8,503 |
| Administrative services fee payable – related party | 2,333 |
| Total Current Liabilities | 58,212 |
| Non-current Liabilities: | |
| Deferred underwriter fee liability | 7,043,750 |
| Total Non-current Liabilities | 7,043,750 |
| TOTAL LIABILITIES | 7,101,962 |
| Commitments and Contingencies (Note 7) | |
| Class A ordinary shares subject to possible redemption, $0.0001 par value; 20,125,000 shares issued and outstanding at redemption value of $10.00 per share | 201,571,137 |
| Shareholders’ Deficit | |
| Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding | — |
| Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 767,250 shares issued and outstanding (excluding 20,125,000 shares subject to possible redemption) | 77 |
| Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 7,069,913 shares issued and outstanding | 707 |
| Additional paid-in capital | — |
| Accumulated deficit | (5,703,454) |
| Total Shareholders’ Deficit | (5,702,670) |
| TOTAL LIABILITIES, ORDINARY SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT | $202,970,429 |
UNAUDITED CONDENSED STATEMENT OF OPERATIONS
| Three Months | For the Period From February 10, 2025 (Inception) | |
|---|---|---|
| Ended | Through | |
| June 30, 2025 | June 30, 2025 | |
| Operating expenses: | ||
| Formation, general and administrative expenses | $53,824 | $115,640 |
| Legal and accounting expenses | 16,782 | 16,782 |
| Administrative services fee – related party | 2,333 | 2,333 |
| Insurance expense | 3,493 | 3,493 |
| Total operating expenses | 76,432 | 138,248 |
| Loss from operations | (76,432) | (138,248) |
| Other income: | ||
| Dividend income on marketable securities held in Trust Account | 321,137 | 321,137 |
| Interest income on operating account | 709 | 739 |
| Other income | 321,846 | 321,876 |
| Net income | $245,414 | $183,628 |
| Weighted average shares outstanding of redeemable Class A ordinary shares | 3,096,154 | 1,998,227 |
| Basic and diluted net income per share, redeemable Class A ordinary shares | $1.70 | $2.63 |
| Weighted average shares outstanding of non-redeemable Class A and Class B ordinary shares | 6,610,815 | 6,415,464 |
| Basic and diluted net loss per share, non-redeemable Class A and Class B ordinary shares | $(0.76) | $(0.79) |
UNAUDITED CONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS’ DEFICIT
FOR THE THREE MONTHS ENDED JUNE 30, 2025 AND FOR THE PERIOD FROM FEBRUARY 10, 2025
(INCEPTION) THROUGH JUNE 30, 2025
| Additional · Total | |||||||
|---|---|---|---|---|---|---|---|
| Class A ordinary shares · Class B ordinary shares · Paid-in · Accumulated · Shareholders’ | |||||||
| Shares | Amount | Shares | Amount | Capital | Deficit | Deficit | |
| Balance – February 10, 2025 (inception) | — | $— | — | $— | $— | $— | $— |
| Class B ordinary shares issued to Sponsor(1) | — | — | 7,069,913 | 707 | 24,293 | 25,000 | |
| Contribution for purchase of private placement units | — | — | — | — | 100,000 | — | 100,000 |
| Net loss | — | — | — | — | — | (61,786) | (61,786) |
| Balance as of March 31, 2025 | — | — | — | 707 | 124,293 | (61,786) | 63,214 |
| Issuance of Class A ordinary shares in IPO | — | — | — | — | 4,361,306 | — | 4,361,306 |
| Sale of private placement units | 592,250 | 59 | — | — | 5,822,441 | — | 5,822,500 |
| Sale of representative shares | 175,000 | 18 | — | — | 1,749,982 | — | 1,750,000 |
| Remeasurement of Class A ordinary shares to redemption value | — | — | — | — | (12,058,022) | (5,887,082) | (17,945,104) |
| Net income | — | — | — | — | — | 245,414 | 245,414 |
| Balance – June 30, 2025 | 767,250 | $77 | 7,069,913 | $707 | $— | $(5,703,454) | $(5,702,670) |
| (1) | 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. All share and per share amounts have been retroactively restated to reflect the share capitalization. |
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