Company: BLUWU
Filing Date: 2025-05-23
Form Type: S-1/A
Source: 0001641172-25-012302
Chunk: 28

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-05-23
Form: S-1/A
Chunk 28
---
 reserves without a waiver or        
 renegotiation of that covenant;                                                                 |
| ● | the                                                                                             
 post-business combination company’s immediate payment of all principal and accrued              
 interest, if any, if the debt security is payable on demand;                                    |
| ● | the                                                                                             
 post-business combination company’s inability to obtain necessary additional financing          
 if the debt security contains covenants restricting its ability to obtain such financing        
 while the debt security is outstanding;                                                         |
| ● | using                                                                                           
 a substantial portion of the post-business combination company’s cash flow to                   
 pay principal and interest on its debt, which will reduce the funds available for expenses,     
 capital expenditures, acquisitions and other general corporate purposes;                        |
| ● | limitations                                                                                     
 on the post-business combination company’s flexibility in planning for and reacting             
 to changes in its business and in the industry in which it operates; and                        |
| ● | increased                                                                                       
 vulnerability to adverse changes in general economic, industry and competitive conditions       
 and adverse changes in government regulation; and limitations on the post-business combination  
 company’s ability to borrow additional amounts for expenses, capital expenditures,              
 acquisitions, debt service requirements, execution of its strategy and other purposes and       
 other disadvantages compared to its competitors who have less debt.                             |

For more information also see “ Risk Factors — Risks Relating to our Search for, and Consummation of or Inability to Consummate, a Business Combination — We may issue additional Class A ordinary shares or preference shares to complete our initial business combination or under an employee incentive plan after completion of our initial business combination. We may also issue Class A ordinary shares upon the conversion of the founder shares at a ratio greater than one-to-one at the time of our initial business combination as a result of the anti-dilution provisions contained therein. Any such issuances would dilute the interest of our shareholders and likely present other risks,” “ Risk Factors — Risks Relating to our Search for, and Consummation of or Inability to Consummate, a Business Combination — We may issue our shares to investors in connection with our initial business combination at a price which is less than the prevailing market price of our shares at that time,” “ Risks Relating to our Search for, and Consummation of or Inability to Consummate, a Business Combination — We may issue notes or other debt securities, or otherwise incur substantial debt, to complete a business combination, which may adversely affect our leverage and financial condition and thus negatively impact the value of our shareholders’ investment in us