# Blue Water Acquisition Corp. III (BLUWW) — capital_raise/private_placement [announced]
Source: SEC API (secapi.ai) · situation sit_d6ba3e1c3f8b63f7db09 · retrieved 2026-08-16T21:06:13.973Z

## Overview
Blue Water Acquisition Corp. III issued an Amended and Restated Working Capital Note on August 11, 2026, in the aggregate principal amount of $750,000.00 to Yorkville BW Acquisition Sponsor, LLC, which amends and restates a prior $500,000 note issued on January 26, 2026. The additional $250,000 advance was made on August 11, 2026. The note bears no interest and is payable on the earlier of the date the Company consummates its initial business combination or the date the Company's winding up is effective. At the Sponsor's election upon consummation of the initial business combination, the principal balance is convertible at $10.00 per unit into units identical to the private placement units issued in connection with the Company's initial public offering, rounded down to the nearest whole number, with a maximum conversion of 75,000 New Units.

## Terms
- Counterparty: Yorkville BW Acquisition Sponsor, LLC · Deal value: $750,000 · Consideration: cash · Price/share: $10

## Key dates
- Announced 2026-08-12

## Timeline
- 2026-08-12 · 8-K (0001104659-26-094858): 8-K - Blue Water Acquisition Corp. III — Blue Water Acquisition Corp. III issued an Amended and Restated Working Capital Note on August 11, 2026, in the aggregate principal amount of $750,000.00 to Yorkville BW Acquisition Sponsor, LLC, which amends and restates a prior $500,000 note issued on January 26, 2026. The additional $250,000 advance was made on August 11, 2026. The note bears no interest and is payable on the earlier of the date the Company consummates its initial business combination or the date the Company's winding up is effective. At the Sponsor's election upon consummation of the initial business combination, the principal balance is convertible at $10.00 per unit into units identical to the private placement units issued in connection with the Company's initial public offering, rounded down to the nearest whole number, with a maximum conversion of 75,000 New Units.
  https://www.sec.gov/Archives/edgar/data/2050501/0001104659-26-094858.txt

## Citations
- 0001104659-26-094858 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926094858