Company: BLUWU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024010
Chunk: 121

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 121
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 sheet as total assets.
When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews several key
metrics included in total assets and net income (loss), which include the following:

 Schedule
of Segment Information

    June 30, 
  
    Assets: 
    2025 
  
    Cash 
    $1,039,666 
  
    Cash and marketable securities held in Trust Account 
    $253,556,881 
  
    Total Assets 
    $254,639,362 

The
CODM reviews cash to assess if the Company has sufficient resources available to discharge its current liabilities, and whether the Company
can leverage its cash position with other liquid assets to do so or whether the Company may need to seek additional funding. The CODM
also review cash and marketable securities held in Trust Account to ensure sufficient capital is available to complete a business combination
or similar transaction within the business combination period.

    Three Months  
    Six Months 

    Ended  
    Ended 

    June 30,  
    June 30, 
  
    Net Income: 
    2025  
    2025 
  
    Net loss from operations 
    $(112,489) 
    $(188,311)
  
    Interest income on Trust Account 
    $556,881  
    $556,881 
  
    Net income 
    $444,392  
    $368,570 

The
CODM review net loss from operations to manage and forecast cash to ensure capital is available to complete a business combination or
similar transaction within the business combination period. The CODM also reviews net loss from operations to manage, maintain and enforce
all contractual agreements to ensure costs are aligned with all agreements and budget. The CODM also reviews interest income on Trust
Account to forecast the amount of cash and marketable securities held in Trust Account.

Note
6 — Related Party Transactions

Founder
Shares

On
December 3, 2024, the Sponsor made capital contributions of $25,000, or approximately $0.004 per share, to cover certain of the Company’s
expenses, for which the Company issued 5,750,000 founder shares to the Sponsor. On June 9, 2025, the Company, through a share capitalization,
issued the Sponsor an additional 575,000 founder shares, resulting in the Sponsor holding 6,325,000 founder shares in the aggregate.

The