For the quarter ending 2026-03-31, BLUW has $261,585,561 in assets. $9,794,786 in debts.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash | 420,414 | - | 759,229 | - |
| Prepaid expenses - current | 75,400 | 81,145 | 81,145 | 14,100 |
| Due from related party-Related Party | - | - | 28,715 | 28,715 |
| Cash | - | - | - | 1,039,666 |
| Deferred offering costs | - | - | - | 0 |
| Total current assets | 495,814 | 81,145 | 869,089 | 1,082,481 |
| Cash and marketable securities held in trust account | 261,075,080 | 258,796,563 | 256,272,459 | 253,556,881 |
| Prepaid expenses - non-current | 14,667 | 33,259 | 52,264 | - |
| Total non-current assets | 261,089,747 | 258,829,822 | 256,324,723 | 253,556,881 |
| Total assets | 261,585,561 | 258,910,967 | 257,193,812 | 254,639,362 |
| Administrative Services Fee | - | - | - | 6,333 |
| Administrative services fee related party | - | - | - | 6,333 |
| Due to related party-Related Party | - | - | 8,905 | 8,905 |
| Accounts payable | 28,770 | 71,184 | 42,292 | 9,932 |
| Promissory note related party-Related Party | - | - | - | 0 |
| Advisory fee payable - related party | 15,000 | 15,000 | - | - |
| Accrued expenses | 145,645 | 103,965 | 204,275 | 4,252 |
| Accrued offering costs | - | - | - | 0 |
| Administrative services fee related party-Related Party | - | - | 36,333 | - |
| Due to related party | 250,371 | - | - | - |
| Total current liabilities | 439,786 | 190,149 | 291,805 | 29,422 |
| Working capital note - related party | 500,000 | - | - | - |
| Deferred underwriter fee liability | 8,855,000 | 8,855,000 | 8,855,000 | 8,855,000 |
| Total non-current liabilities | 9,355,000 | 8,855,000 | 8,855,000 | 8,855,000 |
| Total liabilities | 9,794,786 | 9,045,149 | 9,146,805 | 8,884,422 |
| Class a ordinary shares subject to possible redemption 25,300,000 and 0 shares issued and outstanding subject to possible redemption, at redemption value, as of september 30, 2025 and december 31, 2024, respectively | - | - | 256,272,459 | 253,556,881 |
| Class a ordinary shares subject to possible redemption 25,300,000 shares issued and outstanding subject to possible redemption, at redemption value, as of march 31, 2026 and december 31, 2025 | 261,075,080 | 258,796,563 | - | - |
| Common stock, value-Common Class A | - | - | 68 | - |
| Ordinary shares, value-Classa Ordinary Shares Not Subject To Possible Redemption | 68 | 68 | - | - |
| Ordinary shares, value-Common Class B | 633 | 633 | 633 | - |
| Accumulated deficit | -9,285,006 | -8,931,446 | -8,226,153 | - |
| Total shareholders' deficit | -9,284,305 | -8,930,745 | -8,225,452 | - |
| Total liabilities, ordinary subject to possible redemption and shareholders' deficit | 261,585,561 | 258,910,967 | 257,193,812 | 254,639,362 |
Blue Water Acquisition Corp. III (BLUW)
Blue Water Acquisition Corp. III (BLUW)