secwatch.observer — SEC 8-K summary
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Issuer:     Blue Water Acquisition Corp. III (BLUW)
CIK:        0002050501
Form:       8-K
Filed at:   2026-08-12T20:05:20+00:00
Accession:  0001104659-26-094858
Event type: debt
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blue Water Acquisition III amends working capital note to $750K; sponsor advances $250K
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- Amended and restated convertible promissory note issued Aug 11, 2026 to sponsor Yorkville BW Acquisition Sponsor, LLC.
- Prior $500K note (Jan 26, 2026) replaced; additional $250K advance brings total principal to $750,000.
- Note bears no interest; principal due at earlier of initial business combination or winding up.
- Convertible at sponsor's option at $10.00/unit into max 75,000 New Units, identical to private placement units.
- Issued under Section 4(a)(2) exemption; sponsor waives claims against trust account.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2050501/000110465926094858/0001104659-26-094858-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2050501/000110465926094858/tm2622935d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-094858

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer