Blue Water Acquisition Corp. III

Blue Water Acquisition Corp. III is a blank check company incorporated on November 1, 2024, as a Cayman Islands exempted company. The company was formed to complete a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. While it may pursue an initial business combination in any industry, it expects to focus on biotechnology, healthcare, and technology companies. As of December 31, 2025, Blue Water has not commenced any operations. All activities from November 1, 2024 (inception) through December 31, 2025, relate to the company's formation, its initial public offering, and efforts to identify and negotiate a potential business combination. The company will not generate operating revenues until at least after its initial business combination is completed. It generates non-operating income from interest on cash and cash equivalents and dividend income from marketable securities, derived from the proceeds of its initial public offering. The company's fiscal year ends on December 31. On December 3, 2024, Blue Water issued 5,750,000 Class B ordinary shares, $0.0001 par value, to its prior sponsor, Blue Water Acquisition III LLC, for a $25,000 capital contribution. On June 9, 2025, an additional 575,000 Class B Ordinary Shares were issued to the prior sponsor, bringing its total holding to 6,325,000 Class B Ordinary Shares.