For the quarter ending 2026-03-31.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Formation, general and administrative expenses | 52,487 | 211,840.25* | 137,670 | 89,301 |
| Legal and accounting expenses | 261,698 | 100,626* | 236,837 | 12,723 |
| Listing fees | 20,783 | 13,645.75* | - | - |
| Insurance expense | - | - | - | 4,132 |
| Administrative services fee related party | - | - | 30,000 | - |
| Administrative services fee - related party | - | 13,599.5* | - | - |
| Administrative services fee related party | - | - | - | 6,333 |
| Insurance expense | 18,592 | -14,868* | 19,003 | - |
| Total operating expenses | 353,560 | 324,843.5 | 423,510 | 112,489 |
| Loss from operations | -353,560 | -324,843.5* | -423,510 | -112,489 |
| Income earned on cash and marketable securities held in trust account | 2,278,517 | 887,876 | 2,715,577 | 556,881 |
| Other income | 2,278,517 | 887,876* | 2,715,577 | 556,881 |
| Net income (loss) | 1,924,957 | 563,032.5 | 2,292,067 | 444,392 |
| Basic EPS | 0.08 | 0.198 | 0.09 | - |
| Diluted EPS | 0.08 | 0.198 | 0.09 | - |
| Basic Average Shares | 25,300,000 | 2,841,918 | 25,300,000 | - |
| Diluted Average Shares | 25,300,000 | 2,841,918 | 25,300,000 | - |
Blue Water Acquisition Corp. III (BLUW)
Blue Water Acquisition Corp. III (BLUW)