Blue Water Acquisition Corp. III announced that, on November 25, 2025, it entered into a Purchase Agreement under which Yorkville BW Acquisition Sponsor, LLC (the "New Sponsor") acquired 6,325,000 Class B ordinary shares and 430,000 private placement units from Blue Water Acquisition III LLC (the "Prior Sponsor"). Each private placement unit consists of one Class A ordinary share and one-half of a warrant. The transaction was conducted as a private placement and was not registered under the Securities Act. The agreement also included the resignation of the existing board and officers, appointment of new directors and officers, and termination of certain company contracts.
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