Announcement • Nov 29
Blue Water Acquisition Corp. III Appoints Kevin McGurn as Chief Executive Officer
On November 25, 2025, Blue Water Acquisition Corp. III (the “Company”), Blue Water Acquisition III LLC (the “Prior Sponsor”) and Yorkville BW Acquisition Sponsor, LLC (the “New Sponsor”) entered into a Purchase Agreement (the “Purchase Agreement”). Pursuant to the Purchase Agreement, on November 25, 2025, the New Sponsor (i) purchased from the Prior Sponsor (a) 6,325,000 shares of Class B ordinary shares, par value USD 0.0001 per share, of the Company (each, a “Class B Ordinary Share”) and (b) 430,000 private placement units (each, a “Private Unit”), with each Private Unit comprised of one Class A ordinary share, par value USD 0.0001 per share, of the Company (each, a “Class A Ordinary Share”), and one-half of one warrant, with each whole warrant entitling the holder to purchase one Class A Ordinary Share, at an exercise price of USD 11.50 per share (each, a “Private Warrant”), for an aggregate purchase price of USD 7,200,000 and (ii) upon closing, became the sponsor of the Company . The Prior Board also appointed Kevin McGurn as Chief Executive Officer effective as of the closing of the Purchase. Kevin McGurn, 52, has served as Chief Executive Officer of Yorkville Acquisition Corp. (Nasdaq: MCGA) since March 2025, where he also serves on the board of directors. In September 2025, he became the Chief Executive Officer of Sono Group N.V (Nasdaq: SSM), as well as Chief Executive Officer of Texas Ventures Acquisition Corp. III (Nasdaq: TVA) since September 2025. Mr. McGurn also serves as the Chairman of the board of directors, Chief Executive Officer and Chief Financial Officer of New America Acquisition I Corp., a special purpose acquisition company, since July 2025. From October 2023 to November 2024, Mr. McGurn served as Vice President of Advertising Solutions at T-Mobile, where he led initiatives across digital and programmatic advertising platforms. Prior to that, he was at Vevo LLC, a global music video platform jointly owned by Universal Music Group and Sony Music Entertainment, between February 2017 to October 2023, becoming its President in January 2019, where he was responsible for monetization, sales strategy, and global partnerships. Earlier in his career, from 2007 to 2013, Mr. McGurn served as Senior Vice President of Advertising Sales at Hulu, where he helped to launch and scale the company’s ad-supported streaming business. He has also held an independent board role at Zype Inc., a video infrastructure platform that was acquired by Backlight, a portfolio company of PSG. In October 2024, Mr. McGurn was named CEO of Triller Group but ultimately did not assume the role. Mr. McGurn currently serves in an advisory capacity to TMTG, supporting the company’s diligence and strategy around mergers and acquisitions, subscription video on demand (SVOD) and social networking platforms, including Truth+ and Truth Social. He is also a limited partner and strategic entrepreneurial advisor to Revel Partners, a venture capital firm focused on B2B SaaS and media innovation, and Alpine Meridian, a venture capital fund with investments across digital media and consumer technology. Mr. McGurn has cultivated extensive relationships across media, entertainment, technology, telecommunications, and music industries. Mr. McGurn graduated from Ohio Wesleyan University in 1998 with a BA in History and was a two-time NCAA all-America pick in the sport of lacrosse.
