• Blue Water Acquisition Corp. III swung to net income of USD 1.92 million for quarter ended March 31, 2026, from a net loss of USD 75,822 a year earlier.
• Trust Account income totaled USD 2.28 million, while formation, general and administrative expense was USD 52,487.
• Legal and accounting costs reached USD 261,698, with listing fees of USD 20,783.
• Cash outside trust account was USD 420,414 at March 31, 2026, while working capital turned positive at USD 56,028.
• Company drew USD 500,000 under a convertible unsecured Working Capital Note in March, leaving USD 500,000 outstanding at quarter-end.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Blue Water Acquisition Corp. III published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-062520), on May 15, 2026, and is solely responsible for the information contained therein.