BLUW
Blue Water Acquisition Corp. III10.25
-0.04-0.39%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
331.16MP/E (TTM)
-Basic EPS (TTM)
-Dividend Yield
0%Recent Filings
8-K
Issues $500K sponsor note
Blue Water Acquisition Corp. III issued a $500,000 interest-free convertible note to its sponsor Yorkville BW Acquisition Sponsor on January 26, 2026, for working capital. Due at business combination or liquidation, it converts at the sponsor's option into up to 50,000 New Units at $10.00 each. Funds extend runway. Sponsor waived trust claims.
8-K
New indemnity for directors
Blue Water Acquisition Corp. III approved a new Indemnity Agreement on January 21, 2026, for directors and officers appointed November 25, 2025, replacing a prior version after old board resigned. It mandates indemnification, expense advances, and hold-harmless protection to the fullest under Cayman and Delaware law. New leaders get ironclad cover. Aids SPAC talent retention amid deal hunt.
8-K
CEO advisory fee approved
8-K
Sponsor swap completed
Blue Water Acquisition Corp. III underwent a sponsor switch on November 25, 2025, as Yorkville BW Acquisition Sponsor bought all 6,325,000 Class B shares and 430,000 private units from the prior sponsor for $7.2M. Prior board and officers resigned without disagreement; new team led by Chairman Mark Angelo, CEO Kevin McGurn, and CFO Troy Rillo took over, backed by Yorkville Advisors and TMTG execs. New sponsor now controls the blank-check vehicle. Prior agreements terminated cleanly.
10-Q
Q3 FY2025 results
Blue Water Acquisition Corp. III completed its IPO in June 2025, raising $253M into trust now at $256.3M including $3.3M YTD interest earned, while operating expenses hit $424K in Q3 ended September 30, 2025—yielding $2.3M net income for redeemable shares ($0.09/share) but losses for non-redeemable shares due to $2.7M remeasurement. Cash outside trust stands at $759K with $577K working capital; $8.9M deferred underwriting fee awaits business combination. Sponsor stands ready with Working Capital Loans up to $1.5M. Trust intact. Yet failure to find a target in 24 months triggers liquidation.
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