Company: BLUWU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024010
Chunk: 129

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 129
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    Risk-free rate 
     4.16%
  
    Selected volatility 
     2.70%
  
    Calculated value per warrant 
    $0.26 
  
    Market adjustment 
     23.53%

Note
10 — Subsequent Events

The
Company evaluated subsequent events and transactions that occurred after the balance sheet date through the date that the financial statement
was available to be issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment
or disclosure in the financial statement, other than the below.

On July 28, 2025, the Company announced that, on or about July 31, 2025,
the holders of the Company’s Units may elect to separately trade the Class A ordinary shares and warrants included in the Units.

16 

Item
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Unless
otherwise stated or the context otherwise requires, references in this quarterly report to (i) the “Company,” “us,”
or “we” are to Blue Water Acquisition Corp. III, a Cayman Islands exempted company; (ii) “founder shares” are to shares
of our Class B ordinary shares initially purchased by our Sponsor in a private placement prior to our initial public offering, and the
shares of our Class A ordinary shares issued upon the conversion thereof; and (iii) “Sponsor” are to Blue Water Acquisition
III LLC, a Delaware limited liability company. The following discussion and analysis of the Company’s financial condition and results
of operations should be read in conjunction with the financial statements and the notes thereto contained elsewhere in this report. Certain
information contained in the discussion and analysis set forth below includes forward-looking statements that involve risks and uncertainties.

Special
Note Regarding Forward-Looking Statements

This
quarterly report, including statements under this “Management’s Discussion and Analysis of Financial Condition and Results
of Operations,” includes forward-looking statements. These forward-looking statements include, but are not limited to, statements
regarding our or our management team’s expectations, beliefs, intentions or strategies regarding the future. In addition, any statements
that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions,
are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,”
“estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,”
“potential,”