Company: BLUWU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024010
Chunk: 54

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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BLUE
WATER ACQUISITION CORP. III

CONDENSED
BALANCE SHEETS

    June 30,  
    December 31, 

    2025  
    2024 

    (unaudited)  

    ASSETS 

    Current Assets: 

    Cash 
    $1,039,666  
    $— 
  
    Prepaid expenses 
     14,100  
     — 
  
    Due from related party 
     28,715  
     — 
  
    Total Current Assets 
     1,082,481  
     — 
  
    Non-current Assets: 

    Cash and marketable securities held in Trust Account 
     253,556,881  
     — 
  
    Deferred offering costs 
     —  
     25,000 
  
    Total Non-current Assets 
     253,556,881  
     25,000 
  
    TOTAL ASSETS 
    $254,639,362  
    $25,000 

    LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT 

    Current Liabilities: 

    Accounts payable 
    $9,932  
    $7,036 
  
    Accrued expenses 
     4,252  
     15,000 
  
    Accrued offering costs 
     —  
     25,000 
  
    Due to related party 
     8,905  
     — 
  
    Administrative services fee – related party 
     6,333  
     — 
  
    Promissory note – related party 
     —  
     1,505 
  
    Total Current Liabilities 
     29,422  
     48,541 
  
    Non-current Liabilities: 

    Deferred underwriter fee liability 
     8,855,000  

    Total Non-current Liabilities 
     8,855,000  
     — 
  
    TOTAL LIABILITIES 
     8,884,422  
     48,541 

    Commitments and Contingencies (Note 7) 
     -  

    Class A ordinary shares subject to possible redemption; 25,300,000 and 0 shares issued and outstanding subject to possible redemption at