Every material Form 8-K Blue Water Acquisition Corp. III has filed with the SEC since January 22, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
On August 11, 2026, the company's sponsor advanced an additional $250,000 for working capital, and the company issued an amended and restated convertible note for $750,000 that replaces the prior $500,000 note. The note bears no interest and is payable at the earlier of the company's initial business combination or the effective winding up of the company, and the sponsor may convert the principal into private placement-identical units, capped at 75,000 units, if it chooses to do so.
Sponsor advanced an additional $250,000 on August 11, 2026; the note principal rose from $500,000 (issued January 26, 2026) to $750,000.
The note accrues no interest and is payable at the earlier of the initial business combination or the effective winding up of the company.
On conversion at the sponsor's election after the initial business combination, principal converts at $10.00 per unit, into up to 75,000 units, each with one Class A ordinary share and one-half of a warrant exercisable at $11.50.
A special purpose acquisition company issued a $500,000 convertible note to its sponsor, Yorkville BW Acquisition Sponsor, LLC, to provide additional working capital. The note bears no interest and is payable at the earlier of the initial business combination or the effective date of the company's winding up, and the sponsor may convert it into new units at $10.00 per unit upon completion of a business combination, which would add dilution for existing holders.
Working Capital Note issued January 26, 2026 in the principal amount of $500,000.00 to the Sponsor
No interest accrues; principal is payable on the earlier of the business combination or the effective winding up
Sponsor may convert the principal into New Units at $10.00 per unit after the business combination, capped at 50,000 New Units
Each New Unit includes one Class A ordinary share and one-half of one redeemable warrant exercisable at $11.50
Blue Water Acquisition Corp. III approved a new form of indemnity agreement on January 21, 2026, for directors and officers appointed on November 25, 2025. The agreement replaces the prior form and commits the company to indemnify, hold harmless and advance expenses to these individuals in certain claims tied to their service, within limits set by law and its governing documents.
Board approved the new Indemnity Agreement on January 21, 2026.
Covers directors and officers appointed on November 25, 2025; prior officers all resigned that day.
The agreement supersedes the prior form filed as Exhibit 10.6 to the June 12, 2025 Form 8-K.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Blue Water Acquisition Corp. III filing is on SEC EDGAR ↗. 8-K briefs of other companies →