Wed, May 15, 9:10 PM (252 days ago)
BlueRiver Acquisition Corp.'s financial report for the quarter ending March 31, 2024, shows a net loss of approximately $2.5 million, primarily due to general and administrative expenses. The company's cash position decreased to $13,731 from $39,582 at the end of 2023, with total assets of $17.2 million, down from $20.2 million. Liabilities increased to $8.7 million from $5.9 million, driven by higher accounts payable and accrued expenses. The company extended its business combination deadline to August 2, 2024, with incremental monthly extensions. The report highlights ongoing liquidity concerns and the need for additional funding to complete a business combination.