Is BLUWU diluting shareholders?

Read three numbers together: shares outstanding over time (see chart), warrants that can convert into new shares (13.0M reported), and how much cash runway remains (~0.4161567489671171 months). A company short on cash with live registrations is structurally likely to issue shares.

Where do these numbers come from?

SEC EDGAR only: the XBRL company-facts API for shares, warrants and cash, and filing metadata for registrations and pricings. Every figure shows its source form, and nothing here is estimated by us beyond the arithmetic stated next to it.

Why might a warrant tranche be missing from the table?

The tranche table is built from the dimensions the company tagged in its own 10-Q or 10-K XBRL. A tranche the filer chose not to dimension does not appear, and its absence proves nothing: the exhibits remain the ground truth. Everything shown carries the filing it came from.

Dilution profile // every instrument, one screen, from SEC filings

Blue Water Acquisition Corp. III (BLUWU)

CIK 2050501 · all EDGAR filings →

Overall dilution risk

HIGHworst of 2 computed signals (offering ability)

= the worst band among the computed sub-ratings, no hidden weighting

not every sub-rating was computable; treat as a floor

Offering ability

HIGHS-1MEF on file 2025-06-09

= is there a registration (S-1/S-3 family) on file without a later withdrawal

no structured fee data on the live registrations, so this is a yes/no, not a size

Overhead supply

NOT COMPUTEDno warrant count tagged in XBRL

= warrant shares outstanding divided by current shares outstanding

absence of a tag is not proof of absence of warrants

Historical dilution

NOT COMPUTEDunder 3 years of share history on file

= share count now vs 3 years ago

Cash need

HIGH~0.4 months of runway

= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

the company itself flagged going-concern doubt

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

Fewer than two cover-page share counts on file, so there is no history to chart.

Cash runway

Going-concern warning

auditor flagged substantial doubt

The company itself flagged going-concern doubt in a filing.

Full breakdown: cash runway tool · source filing →

Warrants

Tranche	Warrants	Exercise price	Term	Notes
Public Warrants	12.6M	$11.5	5y	FV $3.3M
Private Placement Warrants	341,500	not tagged	5y	—

Tranches exactly as the company dimensioned them in its 10-Q filed Aug 12, 2026 →. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.

Warrants outstanding: 13.0M underlying shares, as reported Jun 30, 2026 (10-Q).

Balance-sheet fair value of warrants: $13.0M as of Sep 30, 2025.

Convertible notes

Convertible debt on the balance sheet: $500,000 as of Jun 30, 2026, tagged only as a company-wide total.

This filer tagged totals without per-note dimensions in its 10-Q filed Aug 12, 2026 →, so per-note terms (maturities, individual conversion prices) live in the exhibit prose and are not parsed here.

Registrations and offerings

S-1Feb 20, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 2 executed · 0 registered.

EXECUTEDAug 12, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →

EXECUTEDJan 27, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →

EXECUTEDJun 12, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →

EXECUTEDJun 11, 2025Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4 →

REGISTEREDJun 9, 2025S-1MEF registration — capacity to sell shares, not a sale yetS-1MEF →

EFFECTIVEJun 9, 2025SEC declared a registration effective — selling can beginEFFECT →

REGISTEREDJun 5, 2025S-1/A registration — capacity to sell shares, not a sale yetS-1/A →

REGISTEREDMay 23, 2025S-1/A registration — capacity to sell shares, not a sale yetS-1/A →

REGISTEREDMar 31, 2025S-1/A registration — capacity to sell shares, not a sale yetS-1/A →

REGISTEREDFeb 20, 2025S-1 registration — capacity to sell shares, not a sale yetS-1 →

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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