Blue Water Acquisition Corp. III 8-K

What Happened

• On December 26, 2025, Blue Water Acquisition Corp. III's Board approved payment of a monthly advisory fee of $15,000 to the Company’s Chief Executive Officer, Kevin McGurn. The company filed the 8-K on December 31, 2025.
• The fee is for services related to identifying, investigating, negotiating and completing the Company’s initial business combination and related matters, and is effective as of December 2025.

Key Details

• Approved monthly fee: $15,000 payable to CEO Kevin McGurn.
• Approval date: December 26, 2025; 8-K filed December 31, 2025.
• Term: Continues monthly until the earlier of (i) closing/completion of the Company’s initial business combination or (ii) the liquidation of the Company.
• Annualized amount: $15,000/month equals $180,000 over 12 months (simple arithmetic for scale).

Why It Matters

• This creates an ongoing cash obligation to the CEO while the company pursues its initial business combination, which can affect available cash over time.
• Investors should note the payment is to an executive (potential governance/conflict consideration) and that the fee will continue until a deal closes or the company liquidates.
• The disclosure is standard SPAC-era governance information investors use to assess expenses, management incentives, and potential impacts on shareholder value.