Company: BLUWU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024010
Chunk: 56

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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 6,333 
  
    Insurance expense 
     4,132  
     4,132 
  
    Total operating expenses 
     112,489  
     188,311 
  
    Loss from operations 
     (112,489) 
     (188,311)

    Other income: 

    Interest income on marketable securities held in Trust Account 
     556,881  
     556,881 
  
    Other income 
     556,881  
     556,881 
  
    Net income 
    $444,392  
    $368,570 

    Weighted average shares outstanding of redeemable Class A ordinary shares 
     5,282,418  
     2,655,801 

    Basic and diluted net income per share, redeemable Class A ordinary shares 
    $0.83  
    $1.64 

    Weighted average shares outstanding of non-redeemable Class A and Class B ordinary shares 
     6,025,297  
     5,888,409 

    Basic and diluted net loss per share, non-redeemable Class A and Class B ordinary shares 
    $(0.65) 
    $(0.68)

The
accompanying notes are an integral part of these unaudited condensed financial statements.

2 

BLUE
WATER ACQUISITION CORP. III

CONDENSED
STATEMENTS OF CHANGES IN ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT

(UNAUDITED)

FOR
THE THREE AND SIX MONTHS ENDED JUNE 30, 2025

    Shares  
    Amount  
    Shares  
    Amount  
    Shares  
    Amount  
    Capital  
    Deficit  
    Deficit 

    Class A ordinary shares  

    subject to possible  

    Additional  
       
    Total 

    redemption  
    Class A ordinary shares  
    Class B ordinary shares  
    Paid-in  
    Accumulated  
    Shareholders’ 

    Shares  
    Amount  
    Shares  
    Amount  
    Shares  
    Amount  
    Capital  
    Deficit  
    Deficit 
  
    Balance – January 1, 2025 
     —  
    $—