BLUE WTR ACQUISITION CORP. I

Ticker: BLUW CUSIP: G1368E106 Class: ORD SHS CL A

MMCAP International Inc. SPC's Holding History (CIK: 0001304857)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 200,000 Value ($000) $2,064 Avg Close $10.13 Range $9.97 - $10.41

Q3 2025

Shares 200,000 Value ($000) $1,994 Avg Close $9.97 Range $9.93 - $10.05

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	200,000	$2,064	$10.13	$9.97 - $10.41
Q3 2025	200,000	$1,994	$9.97	$9.93 - $10.05