Blue Water Acquisition Corp. III, trading on Nasdaq under the ticker BLUWW, is a blank-check company and the third vehicle launched by the Blue Water sponsor family, which has established a series of SPACs targeting opportunities in the maritime and transportation industries. The company, which completed its IPO in 2025, filed its annual report on Form 10-K with the SEC on April 14, 2026, indicating it remains in the target-search phase and has not yet announced a definitive business combination agreement. The 10-K filing, carrying accession number 0001104659-26-043320, documents the company's continued operations as a special purpose acquisition vehicle. Sign up at SpacDesk for full filing histories, sponsor track records, and real-time deal status on Blue Water Acquisition Corp. III and the broader SPAC universe.