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$BLUW
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Balance sheets

In millions of USD, except per-share amounts
Q2 FY2026
As of Jun 30, 2026
Q1 FY2026
As of Mar 31, 2026
Q4 FY2025
As of Dec 31, 2025
Q3 FY2025
As of Sep 30, 2025
Q2 FY2025
As of Jun 30, 2025
ASSETS
Current Assets:
Cash
Prepaid expenses - current
Due from related party
Total Current Assets
Non-current Assets:
Cash and marketable securities held in Trust Account
Prepaid expenses - non-current
Total Non-current Assets
TOTAL ASSETS
LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS' DEFICIT
Current Liabilities:
Accounts payable
Advisory fee payable - related party
Accrued expenses
Due to related party
Related Party
Total due to related party
Administrative services fee – related party
Related Party
Total administrative services fee – related party
Working capital note - related party
Total Current Liabilities
Non-current Liabilities:
Working capital note - related party
Deferred underwriter fee liability
Total Non-current Liabilities
TOTAL LIABILITIES
Class A ordinary shares subject to possible redemption; 25,300,000 shares issued and outstanding subject to possible redemption, at redemption value, as of June 30, 2026 and December 31, 2025
Class A ordinary shares
Class A ordinary shares subject to possible redemption
Total class A ordinary shares
Total class A ordinary shares subject to possible redemption; 25,300,000 shares issued and outstanding subject to possible redemption, at redemption value, as of June 30, 2026 and December 31, 2025
Shareholders' Deficit
Ordinary shares, value
Class A ordinary shares
Class A ordinary shares not subject to possible redemption
Total class A ordinary shares
Class B ordinary shares
Accumulated deficit
Total Shareholders' Deficit
TOTAL LIABILITIES, ORDINARY SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS' DEFICIT

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