Company: BLUWU
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023451
Chunk: 10

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 10
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578)
  
    Net loss including accretion of Class A redeemable shares to redemption value 
    $(423,511)

    Class A and Class B  
    Class A 

    For the Three Months Ended 

    September 30, 
2025 

    Non-redeemable  
    Redeemable shares 

    Class A and Class B  
    Class A 

    Ordinary shares  
    Ordinary shares 
  
    Total number of shares 
     7,008,000  
     25,300,000 
  
    Ownership percentage 
     22% 
     78%

    Net income allocated by class 
     497,177  
     1,794,890 

    Less: Remeasurement of Class A redeemable shares to redemption value based on ownership percentage 
     (589,042) 
     (2,126,536)
  
    Plus: Accretion applicable to remeasurement of Class A redeemable shares to redemption value 
     —  
     2,715,578 
  
    Total loss based on ownership percentage 
    $(91,865) 
    $2,383,932 

    Weighted average shares outstanding 
     7,008,000  
     253,000,000 
  
    Basic and diluted net income (loss) per share 
    $(0.01) 
    $0.9 

The
following table presents a reconciliation of the numerator and denominator used to compute basic and diluted net income (loss) per ordinary
share for each class of ordinary shares for the nine months ended September 30, 2025:

    For the Nine
                                                                  Months Ended 

    September 30,
                                                                                2025 
  
    Net income 
    $2,660,637 
  
    Less: Remeasurement of Class A redeemable shares to redemption value 
     (21,032,667)
  
    Net loss including accretion of Class A redeemable shares to redemption value 
    $(18,372,030)

    Class
    A and Class B

    Class
    A

    For
    the Nine Months Ended

    September
    30, 
2025

    Non-redeemable

    Redeemable
    shares

    Class
    A and Class B

    Class
    A

    Ordinary
    shares

    Ordinary
    shares