The latest financial statement is for the quarter ending 2026-03-31.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents at beginning of period | - | - | 0 | - |
| Net income | - | - | 2,292,067 | 368,570 |
| Net income (loss) | 1,924,957 | 4,667,721 | - | - |
| Formation, general and administrative costs paid by sponsor under promissory note - related party | - | 0 | 101,708 | - |
| Income earned on cash and marketable securities held in trust account | 2,278,517 | 2,524,104 | 2,715,578 | 556,881 |
| Prepaid expenses | -24,337 | -19,005 | 119,309 | 8,267 |
| Accounts payable | -42,414 | 43,892 | 32,360 | 2,896 |
| Accrued expenses | 41,680 | -100,310 | 200,023 | -10,748 |
| Administrative support fee related party | - | - | 30,000 | 6,333 |
| Formation, general and administrative costs paid by sponsor under promissory note related party | - | - | - | 101,708 |
| Administrative support fee - related party | - | 28,715 | - | - |
| Due to related party | 241,466 | - | 0 | 8,905 |
| Net cash used in operating activities | -79,586 | -570,956 | -280,437 | -87,484 |
| Investment in trust account | - | 0 | 0 | 253,000,000 |
| Net cash used in investing activities | - | 0 | 0 | -253,000,000 |
| Proceeds from issuance of class a ordinary shares | - | 0 | 0 | 253,000,000 |
| Proceeds from sale of private placement units | - | 0 | 0 | 6,830,000 |
| Due from related party, net | - | - | - | 28,715 |
| Payment of underwriting fees and reimbursements | - | 0 | 5,135,000 | - |
| Payment of promissory note - related party | - | 0 | 41,075 | 242,397 |
| Excess proceeds from sale of private placement units | - | 0 | 12,360 | - |
| Payment of deferred offering costs | - | 0 | 0 | 296,738 |
| Payment of underwriting fees and reimbursements | - | - | - | 5,135,000 |
| Distribution to prior sponsor | - | 188,273 | - | - |
| Proceeds from working capital note - related party | 500,000 | - | - | - |
| Net cash provided by financing activities | 500,000 | -188,273 | 0 | 254,127,150 |
| Net change in cash | 420,414 | -759,229 | -280,437 | 1,039,666 |
| Cash - beginning of period | 0 | 759,229 | - | - |
| Cash and cash equivalents at end of period | - | - | 759,229 | - |
| Cash - end of period | 420,414 | 0 | - | - |
Blue Water Acquisition Corp. III (BLUWU)
Blue Water Acquisition Corp. III (BLUWU)