---
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"
generated_at: "2026-05-16T07:39:09.349799+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Blue Water Acquisition III issues $500K convertible note to sponsor for working capital

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-006779
- JSON: https://secwatch.observer/filing/0001104659-26-006779.json
- Plain text: https://secwatch.observer/filing/0001104659-26-006779.txt

## Key facts
- Debt Financings
  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.
  - Instrument: convertible notes
  - Principal: $500,000.00
  - Counterparty: Yorkville BW Acquisition Sponsor, LLC
  - Rate: shall not accrue interest
  - Maturity: 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
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/2050501/000110465926006779/0001104659-26-006779-index.htm
- Equity Issuances
  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.
  - Security: unit
  - Shares: up to 50,000 New Units
  - Purchaser: Yorkville BW Acquisition Sponsor, LLC
  - Consideration: $500,000.00 aggregate principal amount of convertible unsecured promissory note
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/2050501/000110465926006779/0001104659-26-006779-index.htm
- Material Agreements
  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).
  - Action: entry
  - Counterparty: Yorkville BW Acquisition Sponsor, LLC
  - Value: $500,000.00
  - Effective: 2026-01-26
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/2050501/000110465926006779/0001104659-26-006779-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.