{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-015454","form_type":"8-K","ticker":"BLUW","cik":"0002050501","company_name":"Blue Water Acquisition Corp. III","filed_at":"2025-06-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.782748+00:00","generated_at":"2026-05-19T05:19:44.344959+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Blue Water Acquisition Corp. III closes IPO, raises $253M; auditor flags going concern","bullets":["IPO sold 25.3M units at $10 each for gross proceeds of $253M; proceeds deposited in trust.","Simultaneous private placement of 683K units at $10 raised $6.83M from sponsor and BTIG.","Trust account holds $253M; outside cash of $1.4M; total assets $254.5M, shareholders' deficit $7.7M.","Auditor expresses substantial doubt about going concern due to expected costs and no business combination target yet.","Company has 24 months to complete a business combination or will liquidate."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-015454","json":"https://secwatch.observer/filing/0001641172-25-015454.json","markdown":"https://secwatch.observer/filing/0001641172-25-015454.md","text":"https://secwatch.observer/filing/0001641172-25-015454.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2050501/000164117225015454/0001641172-25-015454-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2050501/000164117225015454/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T05:19:44.344959+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}