Company: BLUWU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024010
Chunk: 69

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 69
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the weighted average shares outstanding ratio for the redeemable Class A ordinary shares and for the non-redeemable ordinary shares for
the three and six months ended June 30, 2025.

    8 

The
Company has not considered the effect of the 12,650,000 Public Warrants or 341,500 Private Placement Warrants in the calculation of diluted
net income (loss) per share, since the exercise of such warrants are contingent upon the occurrence of future events and the inclusion
of such warrants would be anti-dilutive.

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 three months ended June 30, 2025:

 Schedule
of Basic and Diluted Net Income (loss) Per Ordinary Share 

    For the Three Months Ended 

    June 30, 2025 
  
    Net income 
    $444,392 
  
    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 
    $(17,872,697)

    Class A and Class B  
    Class A 

    For the Three 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 
     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