Company: BLUWU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024010
Chunk: 112

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 112
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 A 

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

    Net income allocated by class 
     50,134  
     394,258 

    Less: Remeasurement of Class A redeemable shares to redemption value based on ownership percentage 
     (3,973,200) 
     (14,343,889)
  
    Plus: Accretion applicable to remeasurement of Class A redeemable shares to redemption value 
     —  
     18,317,089 
  
    Total loss based on ownership percentage 
    $(3,923,066) 
    $4,367,458 

    Weighted average shares outstanding 
     6,025,297  
     5,282,418 
  
    Basic and diluted net income (loss) per share 
    $(0.65) 
    $0.83 

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 six months ended June 30, 2025:

    For
the Six Months Ended 

    June 30, 2025 
  
    Net income 
    $368,570 
  
    Less: Remeasurement of Class A redeemable shares to redemption value 
     (18,317,089)
  
    Net loss including accretion of Class A redeemable shares to redemption value 
    $(17,948,519)

    Ordinary shares  
    Ordinary shares 

    For the Six Months Ended 

    June 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 
     (25,688) 
     394,258 

    Less: Remeasurement of Class A redeemable shares to redemption value based on ownership percentage 
     (3,973,200) 
     (14,343,