Blue Water Acquisition III amends sponsor working capital note to $750,000

Blue Water Acquisition Corp. III amended and restated its convertible unsecured promissory note with sponsor Yorkville BW Acquisition Sponsor.

• Aggregate principal increased to $750,000 from $500,000 following a $250,000 working-capital advance on Aug. 11, 2026.
• The note is non-interest-bearing; repayment is due at the earlier of an initial business combination or the company’s winding up.
• The sponsor can convert principal at the business-combination closing into units at $10 per unit, up to 75,000 units.
• Each unit includes one Class A ordinary share plus half a redeemable warrant with an $11.50 exercise price.