{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-006779","form_type":"8-K","ticker":"BLUW","cik":"0002050501","company_name":"Blue Water Acquisition Corp. III","filed_at":"2026-01-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.119520+00:00","generated_at":"2026-05-16T07:39:09.349799+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"Blue Water Acquisition III issues $500K convertible note to sponsor for working capital","bullets":["Issued $500,000 convertible promissory note to Yorkville BW Acquisition Sponsor, LLC on Jan 26, 2026.","Note non-interest bearing, due upon earlier of business combination or winding up.","Convertible at $10/unit into units identical to private placement units (max 50,000 New Units).","Issued under Section 4(a)(2) exemption; proceeds for working capital."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-006779","json":"https://secwatch.observer/filing/0001104659-26-006779.json","markdown":"https://secwatch.observer/filing/0001104659-26-006779.md","text":"https://secwatch.observer/filing/0001104659-26-006779.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2050501/000110465926006779/0001104659-26-006779-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2050501/000110465926006779/tm264133d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T07:39:09.349799+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bdce959b2d27a8daa2231dd9c4bfbe55578521e1","claim":"Blue Water Acquisition Corp. III incurred convertible notes of $500,000.00 with Yorkville BW Acquisition Sponsor, LLC at shall not accrue interest maturing the earlier of the date on which Company consummates its initial business combination or the date that the winding up of the Company is effective.","evidence_excerpt":"On January 26, 2026, Blue Water Acquisition Corp. III (the “Company”) issued a convertible unsecured promissory note (the “Working Capital Note”) in the aggregate principal amount of $500,000.00 to Yorkville BW Acquisition Sponsor, LLC, a Florida limited liability company (the “Sponsor”), in order to provide the Company with additional working capital.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/2050501/000110465926006779/0001104659-26-006779-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$500,000.00"},{"label":"Counterparty","value":"Yorkville BW Acquisition Sponsor, LLC"},{"label":"Rate","value":"shall not accrue interest"},{"label":"Maturity","value":"the earlier of the date on which Company consummates its initial business combination or the date that the winding up of the Company is effective"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"7dc67a7fecf4c3a4562049655384bfe5a787c971","claim":"Blue Water Acquisition Corp. III issued up to 50,000 New Units of unit to Yorkville BW Acquisition Sponsor, LLC for $500,000.00 aggregate principal amount of convertible unsecured promissory note.","evidence_excerpt":"On January 26, 2026, Blue Water Acquisition Corp. III (the “Company”) issued a convertible unsecured promissory note (the “Working Capital Note”) in the aggregate principal amount of $500,000.00 to Yorkville BW Acquisition Sponsor, LLC, a Florida limited liability company (the “Sponsor”), in order to provide the Company with additional working capital.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/2050501/000110465926006779/0001104659-26-006779-index.htm","confidence":0.95,"family_label":"Equity Issuances","details":[{"label":"Security","value":"unit"},{"label":"Shares","value":"up to 50,000 New Units"},{"label":"Purchaser","value":"Yorkville BW Acquisition Sponsor, LLC"},{"label":"Consideration","value":"$500,000.00 aggregate principal amount of convertible unsecured promissory note"}],"fact_type":"equity_issuance"},{"claim_id":"fa5e57765e39ac38bc5b0ecc01bfb20e7726ea12","claim":"Blue Water Acquisition Corp. III entered into Working Capital Note with Yorkville BW Acquisition Sponsor, LLC valued at $500,000.00 (effective 2026-01-26).","evidence_excerpt":"On January 26, 2026, Blue Water Acquisition Corp. III (the \"Company\") issued a convertible unsecured promissory note (the \"Working Capital Note\") in the aggregate principal amount of $500,000.00 to Yorkville BW Acquisition Sponsor, LLC, a Florida limited liability company (the \"Sponsor\")","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2050501/000110465926006779/0001104659-26-006779-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Yorkville BW Acquisition Sponsor, LLC"},{"label":"Value","value":"$500,000.00"},{"label":"Effective","value":"2026-01-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}