Company: BLUWU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024010
Chunk: 58

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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     —  
     —  
     —  
     444,392  
     444,392 

    Net income (loss) 
     —  
     —  
     —  
     —  
     —  
     —  
     —  
     444,392  
     444,392 

    Balance – June 30, 2025 
     25,300,000  
    $253,556,881  
     683,000  
    $68  
     6,325,000  
    $633  
    $—  
    $(7,802,642) 
    $(7,801,941)
  
    Balance  
     25,300,000  
    $253,556,881  
     683,000  
    $68  
     6,325,000  
    $633  
    $—  
    $(7,802,642) 
    $(7,801,941)

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

3 

BLUE
WATER ACQUISITION CORP. III

CONDENSED
STATEMENTS OF CASH FLOWS

(UNAUDITED)

    Six Months 

    Ended 

    June 30, 

    2025 
  
    Cash Flows from Operating Activities: 

    Net income 
    $368,570 
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Formation, general and administrative costs paid by Sponsor under promissory note – related party 
     101,708 
  
    Interest and dividend income on cash and marketable securities held in Trust Account 
     (556,881)
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     (8,267)
  
    Accounts payable 
     2,896 
  
    Accrued expenses 
     (10,748)
  
    Administrative support fee – related party 
     6,333 
  
    Due to related party 
     8,905 
  
    Net cash used in operating activities 
     (87,484)

    Cash Flows from Investing Activities: 

    Investment in Trust Account 
     (253,000,000