Financial Performance - For the three months ended September 30, 2025, the company reported a net income of $2,292,067, primarily from $2,715,577 earned on cash and marketable securities held in the Trust Account[104]. - For the nine months ended September 30, 2025, the company had a net income of $2,660,637, with $3,272,459 earned on cash and marketable securities, offset by various expenses totaling $611,822[105]. Financial Position - As of September 30, 2025, the company had cash of $759,229 and a working capital deficit of $577,284, compared to a deficit of $(48,541) as of December 31, 2024[106]. - The company lacks sufficient financial resources to sustain operations for a reasonable period, raising substantial doubt about its ability to continue as a going concern[109]. - The company has no long-term debt or contractual obligations as of September 30, 2025[116]. Initial Public Offering (IPO) - The company generated gross proceeds of $259,830,000 from its initial public offering and private placement, with $253,000,000 placed in a trust account for future business combinations[110][111]. - The underwriters of the initial public offering are entitled to a deferred underwriting discount of 3.50% of the gross proceeds, amounting to $8,855,000, payable upon completion of an initial business combination[117]. - The cash underwriting discount for the IPO was 2.00% of the gross proceeds, totaling $5,060,000[121]. - The underwriters were granted a 45-day option to purchase an additional 3,300,000 units, which was fully exercised on the IPO date[121]. - A deferred underwriting discount of 3.50% of the gross proceeds, amounting to $8,855,000, will be payable upon completion of an initial business combination[121]. Operational Costs - The company has incurred significant costs related to being a public entity and expects expenses to increase substantially after identifying a target for its initial business combination[103]. - The company has entered into an administrative services agreement requiring monthly payments of $10,000 for office space and administrative services[118]. Accounting and Reporting - The Company has not identified any critical accounting estimates as of September 30, 2025[122]. - As a smaller reporting company, the Company is not required to make disclosures about market risk[124].

Financial Performance - For the three months ended June 30, 2025, the company reported a net income of $444,392, driven by $556,881 in interest income from the trust account, offset by various expenses totaling $112,489[101]. - For the six months ended June 30, 2025, the company achieved a net income of $368,570, with total interest income of $556,881 and total expenses of $182,279[102]. - The company incurred net cash used in operating activities of $87,484 for the six months ended June 30, 2025, with net income adjusted for various expenses and interest income[104]. Cash and Working Capital - As of June 30, 2025, the company had cash of $1,039,666 and a working capital deficit of $1,053,059, compared to a cash balance of $0 and a working capital deficit of $48,541 as of December 31, 2024[103]. Initial Public Offering - The company generated gross proceeds of $259,830,000 from its initial public offering and private placement, with $253,000,000 placed in a trust account for future business combinations[107]. - The underwriters of the initial public offering are entitled to a deferred underwriting discount of 3.50% of the gross proceeds, amounting to $8,855,000, payable upon completion of a business combination[114]. - The underwriters exercised a 45-day option to purchase an additional 3,300,000 units during the initial public offering, resulting in a cash underwriting discount of 2.00%, totaling $5,060,000[118]. - A deferred underwriting discount of 3.50% of the gross proceeds, amounting to $8,855,000, will be payable to BTIG, LLC upon completion of an initial business combination[118]. Financial Obligations and Agreements - The company has no long-term debt or significant contractual obligations as of June 30, 2025, indicating a clean balance sheet[113]. - The company has entered into an administrative services agreement requiring monthly payments of $10,000 for office space and administrative services[115]. Future Financial Plans - The company anticipates using substantially all funds in the trust account for its initial business combination and may withdraw interest to cover tax obligations[108]. - The company does not expect to need additional funds post-initial public offering to cover operational expenditures prior to the business combination[110]. Accounting and Market Risk - The Company has not identified any critical accounting estimates as of June 30, 2025, which could materially differ from actual results[119]. - The Company is not required to make disclosures under market risk as a smaller reporting company[121].

As filed with the U.S. Securities and Exchange Commission on June 5, 2025. Registration No. 333-285075 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 3 TO FORM S-1 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Blue Water Acquisition Corp. III (Exact name of registrant as specified in its charter) Cayman Islands 6770 33-2301550 (State or other jurisdiction of incor ...

As filed with the U.S. Securities and Exchange Commission on May 23, 2025. Registration No. 333-285075 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Blue Water Acquisition Corp. III (Exact name of registrant as specified in its charter) Cayman Islands 6770 33-2301550 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employ ...

As filed with the U.S. Securities and Exchange Commission on March 28, 2025. Registration No. 333-285075 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Blue Water Acquisition Corp. III (Exact name of registrant as specified in its charter) Cayman Islands 6770 33-2301550 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Empl ...

As filed with the U.S. Securities and Exchange Commission on February 19, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Blue Water Acquisition Corp. III (Exact name of registrant as specified in its charter) Cayman Islands 6770 33-2301550 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Nu ...