Company: BLUWU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024010
Chunk: 55

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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 redemption value of $10.00 per share, as of June 30, 2025 and December 31, 2024, respectively 
     253,556,881  

    Shareholders’ Deficit 

    Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding 
     —  
     — 
  
    Class A ordinary shares, $0.0001 par value; 485,000,000 shares authorized; 683,000 and 0 shares issued and outstanding (excluding 25,300,000 and 0 shares subject to possible redemption) as of June 30, 2025 and December 31, 2024, respectively 
     68  
     — 
  
    Class B ordinary shares, $0.0001
par value; 10,000,000
shares authorized; 6,325,000
and 5,750,000 shares issued and outstanding as of June 30,
2025 and December 31, 2024, respectively 
     633  
     575 
  
    Common stock, value 
     633  
     575 

    Additional paid-in capital 
     —  
     24,425 
  
    Accumulated deficit 
     (7,802,642) 
     (48,541)
  
    Total Shareholders’ Deficit 
     (7,801,941) 
     (23,541)
  
    TOTAL LIABILITIES, ORDINARY SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT 
    $254,639,362  
    $25,000 

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

1 

BLUE
WATER ACQUISITION CORP. III

CONDENSED
STATEMENTS OF OPERATIONS

(UNAUDITED)

    Three Months  
    Six Months 

    Ended  
    Ended 

    June 30, 2025  
    June 30, 2025 
  
    Operating expenses: 

    Formation, general and administrative expenses 
    $89,301  
    $165,123 
  
    Legal and accounting expenses 
     12,723  
     12,723 
  
    Administrative services fee – related party 
     6,333