← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
Blue Water III is a SPAC shell focused on a future combination, with no revenue and a deeper equity deficit in FY2025.
The read at a glance✓ Audited against SEC data
- Business mix — Blank-check SPAC shellNote
- Focus — Biotech, healthcare, tech focusNote
- Revenue — No revenue taggedNote
- Income — Net income $4.7MNote
- Equity — Equity deficit -$8.9MWatch
- Insiders — 0 purchases / 2 salesWatch
- Accounting — Forensic screens unavailableNote
Business
Blue Water Acquisition Corp. III is a Cayman Islands blank-check company formed to pursue a business combination.
Leadership changes
From Blue Water Acquisition Corp. III's own filings, the day they're filed.
- Timothy N. Coulson · directors · appointmenteff. 2025-06-09
- Laurent D. Hermouet · directors · appointmenteff. 2025-06-09
- Ish S. Dugal · directors · appointmenteff. 2025-06-09
Latest filings
- 8-K · Company announcement2026-08-12
- 10-Q · Quarterly report2026-08-12
- 10-Q · Quarterly report2026-05-15
- 10-K · Annual report2026-04-14
- 8-K · Company announcement2026-01-27
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- Main tension🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about Blue Water Acquisition Corp. III, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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