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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 FORM 20 - F ( Mark One ) REGISTRATION STATEMENT PURSUANT TO SECTION 12 ( b ) OR SECTION 12 ( g ) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☑SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report : August 14 , 2026 For the transition period from to Commission file number : 001-43448 Air Water Ventures Limited ( Exact name of Registrant as specified in its charter ) Not applicable ( Translation of Registrant's name into English ) c / o Air Water Ventures Ltd Unit 3 , Kizad KLP FZ , Kizad Abu Dhabi , UAE PO Box 109214 Telephone : +1 305-939-4922 ( Address of principal executive offices ) Cayman Islands ( Jurisdiction of incorporation or organization ) David Tuerff Chief Financial Officer Unit 3 , Kizad KLP FZ , Kizad Abu Dhabi , UAE PO Box 109214 Telephone : +1 305-939-4922 ( Name , Telephone , Email and / or Facsimile number and Address of Company Contact Person ) Securities registered or to be registered , pursuant to Section 12 ( b ) of the Act Title of each class Ordinary Shares , par value $ 0.0001 per share Trading Symbol ( s ) Name of each exchange on which registered WATR The Nasdaq Stock Market LLC Securities registered or to be registered pursuant to Section 12 ( g ) of the Act : None Securities for which there is a reporting obligation pursuant to Section 15 ( d ) of the Act : None