• Blue Water Acquisition Corp. III amended and restated its convertible unsecured promissory note with sponsor Yorkville BW Acquisition Sponsor.
• Aggregate principal increased to $750,000 from $500,000 following a $250,000 working-capital advance on Aug. 11, 2026.
• Note is non-interest-bearing; repayment due at the earlier of an initial business combination or the company’s winding up.
• Sponsor can convert principal at the business-combination closing into units at $10 per unit, up to 75,000 units.
• Each unit includes one Class A ordinary share, plus half a redeemable warrant with an $11.5 exercise price.

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: 0001104659-26-094858), on August 12, 2026, and is solely responsible for the information contained therein.