Blue Water Acquisition Corp III

BLUW: 8-K · debt financing

Blue Water Acquisition Corp. III issued an amended and restated convertible unsecured promissory note for $750,000 to its sponsor, Yorkville BW Acquisition Sponsor LLC, on August 11, 2026, after the sponsor advanced an additional $250,000 for working capital. The new note amends, restates, and replaces a $500,000 note originally issued on January 26, 2026. The note bears no interest and is payable on the earlier of the company consummating its initial business combination or the effective date of its winding up, with repayment upon a deal coming from proceeds released from the trust account. At the sponsor's election, the principal converts at $10.00 per unit into up to 75,000 New Units identical to the private placement units from the IPO, each consisting of one Class A ordinary share and one-half of a warrant exercisable at $11.50 per share 30 days after deal completion. Reported under Items 1.01, 2.03, 3.02 and 9.01, the filing reflects routine sponsor working capital support as the pre-deal SPAC continues its search for a business combination target.

SEC 8-K•2mo ago

BLUW: 10-Q · periodic report

Blue Water Acquisition Corp. III reported net income of $1.92 million for the three months ended March 31, 2026, driven primarily by $2.28 million in interest income earned on its trust account, which offset $353,560 in operating expenses. The company disclosed a material weakness in its internal controls over financial reporting, citing a lack of properly designed and implemented controls. Management has committed to a remediation plan but noted that disclosure controls were not effective as of the period end. Liquidity remains constrained with only $420,414 in cash outside the trust account, leading to a going concern doubt. The company drew $500,000 from a working capital note issued to its new sponsor, Yorkville BW Acquisition Sponsor, LLC, to sustain operations while searching for a business combination.

SEC 10-Q•5mo ago

Blue Water Acquisition Corp. IV Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing May 11, 2026

Blue Water Acquisition Corp. IV announced that holders of its units may elect to separately trade Class A ordinary shares and warrants starting May 11, 2026. The separated components will trade on the NYSE under the symbols "BWIV" and "BWIV.WS", while unseparated units will continue to trade under "BWIV.U". Brokers must contact Continental Stock Transfer & Trust to facilitate the separation of units.

•5mo ago