Blue Water Acquisition Corp. III received an amended Schedule 13G from Harraden Circle Investments, LLC and Frederick V. Fortmiller, Jr. reporting beneficial ownership of 1,050,642 Class A shares, representing 4.04% of the class. All voting and dispositive authority over these shares is shared, with no sole power reported.
The amendment follows an internal reorganization effective June 30, 2026, after which certain prior reporting persons are no longer beneficial owners. The filing states that the reporting persons have ceased to be beneficial owners of more than five percent of the outstanding Class A shares and characterizes this amendment as an exit filing from the over-5% reporting status.
Positive
None.
Negative
None.
Key Figures
Beneficially owned shares:1,050,642 sharesPercent of class owned:4.04%Sole voting power:0 shares+3 more
6 metrics
Beneficially owned shares1,050,642 sharesClass A common stock beneficially owned by reporting persons
Percent of class owned4.04%Percentage of outstanding Class A common stock
Sole voting power0 sharesShares with sole power to vote or direct the vote
Shared voting power1,050,642 sharesShares with shared power to vote or direct the vote
Sole dispositive power0 sharesShares with sole power to dispose or direct disposition
Shared dispositive power1,050,642 sharesShares with shared power to dispose or direct disposition
"have ceased to be the beneficial owners of more than five percent"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
shared voting powerfinancial
"Shared Voting Power 1,050,642.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared Dispositive Power 1,050,642.00"
exit filingregulatory
"This Amendment constitutes an exit filing for the Reporting Persons"
Schedule 13Gregulatory
"qualify to file under . Explanatory Note: This Amendment"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
FAQ
What ownership in BLUW does Harraden Circle report in this Schedule 13G/A?
Harraden Circle Investments, LLC and Frederick V. Fortmiller, Jr. report beneficial ownership of 1,050,642 Class A shares of Blue Water Acquisition Corp. III, representing 4.04% of the outstanding Class A common stock.
Why did Harraden Circle file this amended Schedule 13G/A for BLUW?
The amendment reports that the reporting persons have ceased to be beneficial owners of more than five percent of Blue Water Acquisition Corp. III’s Class A shares and is characterized as an exit filing from over-5% reporting status.
How is voting and dispositive power over BLUW shares structured in this filing?
The reporting persons disclose 0 shares with sole voting or dispositive power and 1,050,642 shares with shared voting and shared dispositive power, reflecting their role in managing funds that hold the securities.
Which entities’ accounts hold the BLUW shares reported by Harraden Circle?
The shares are held for the accounts of Harraden Circle Investors, LP, Harraden Circle Special Opportunities, LP, Harraden Circle Strategic Investments, LP, and Harraden Circle Concentrated, LP, with Harraden Circle Investments, LLC acting as investment manager.
What change in reporting status regarding BLUW does this 13G/A disclose?
The amendment states that, after an internal reorganization effective June 30, 2026, certain prior reporting persons are no longer beneficial owners, and the remaining reporting persons now own 4.04%, below the 5% threshold, triggering this exit filing.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Blue Water Acquisition Corp. III
(Name of Issuer)
Class A
(Title of Class of Securities)
G1368E106
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
G1368E106
1
Names of Reporting Persons
Harraden Circle Investments, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,050,642.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,050,642.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,050,642.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.04 %
12
Type of Reporting Person (See Instructions)
OO, IA
SCHEDULE 13G
CUSIP Number(s):
G1368E106
1
Names of Reporting Persons
Frederick V. Fortmiller, Jr.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,050,642.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,050,642.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,050,642.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.04 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Blue Water Acquisition Corp. III
(b)
Address of issuer's principal executive offices:
1012 Springfield Avenue, Mountainside, New Jersey 07092
Item 2.
(a)
Name of person filing:
This Statement is filed on behalf of Harraden Circle Investments, LLC ("Harraden Adviser") and Frederick V. Fortmiller, Jr. ("Mr. Fortmiller") (collectively, the "Reporting Persons").
This Statement relates to Shares (as defined herein) held for the accounts of Harraden Circle Investors, LP ("Harraden Fund"), Harraden Circle Special Opportunities, LP ("Harraden Special Op Fund"), Harraden Circle Strategic Investments, LP ("Harraden Strategic Fund"), and Harraden Circle Concentrated, LP ("Harraden Concentrated Fund"). Harraden Adviser serves as investment manager to Harraden Fund, Harraden Special Op Fund, Harraden Strategic Fund, Harraden Concentrated Fund, and other high net worth individuals and, in such capacity, exercises voting and dispositive power over the Shares reported herein. Mr. Fortmiller is the managing member of Harraden Adviser.
(b)
Address or principal business office or, if none, residence:
885 Third Avenue, Suite 2600B, New York, NY 10022
(c)
Citizenship:
Harraden Adviser is a Delaware limited liability company. Mr. Fortmiller is a citizen of the United States of America.
(d)
Title of class of securities:
Class A
(e)
CUSIP No.:
G1368E106
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
1,050,642
(b)
Percent of class:
4.04 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
1,050,642
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
1,050,642
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Certain funds identified in Item 2(a) have the right to receive any dividends from, or the proceeds from the sale of, the securities reported herein.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See disclosure in Item 2 hereof.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Harraden Circle Investments, LLC
Signature:
/s/ Frederick V. Fortmiller, Jr.
Name/Title:
Frederick V. Fortmiller, Jr., managing member
Date:
08/14/2026
Frederick V. Fortmiller, Jr.
Signature:
/s/ Frederick V. Fortmiller, Jr.
Name/Title:
Frederick V. Fortmiller, Jr.
Date:
08/14/2026
Comments accompanying signature: This Schedule 13G amends the Schedule 13G filed under Rule 13d-1(c) to remove the reporting persons who, after an internal reorganization effective June 30, 2026, are no longer beneficial owners of the securities reported herein and to change the Rule under which this Schedule 13G is filed to Rule 13d-1(b), because the remaining reporting persons qualify to file Schedule 13G under Rule 13d-1(b).
Explanatory Note: This Amendment is being filed to report that the Reporting Persons have ceased to be the beneficial owners of more than five percent of the outstanding shares of Class A common stock of the "Issuer". This Amendment constitutes an exit filing for the Reporting Persons.
