Company: BLUWU
Filing Date: 2025-05-23
Form Type: S-1/A
Source: 0001641172-25-012302
Chunk: 288

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-05-23
Form: S-1/A
Chunk 288
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UW” and “BLUWW”, respectively. We cannot guarantee that our securities will be approved for listing on Nasdaq.

| 189 |

Discounts

The following table shows the underwriting discounts and commissions that we are to pay to the underwriters in connection with this offering. These amounts are shown assuming both no exercise and full exercise of the underwriters’ over-allotment option.

|                                                   |     | Per Unit       
 Without        
 Over-allotment |      |     | With           
 Over-allotment |      |     | Total          
 Without        
 Over-allotment |            |     | With           
 Over-allotment |            |
|:--------------------------------------------------|:----|:---------------|-----:|:----|:---------------|-----:|:----|:---------------|-----------:|:----|:---------------|-----------:|
| Underwriting Discounts and Commissions paid by us |     | $              | 0.55 |     | $              | 0.55 |     | $              | 11,000,000 |     | $              | 12,650,000 |

| (1) | Includes $0.20 per unit sold in this offering, or $4,000,000                                                                               
 in the aggregate (or $4,600,000 in the aggregate if the underwriters’ over-allotment option is exercised in full), payable to the          
 underwriters upon the closing of this offering. Also includes $0.35 per unit, or 3.5% of the gross proceeds of the offering, or $7,000,000 
 in the aggregate (or up to $8,050,000 in the aggregate if the underwriters’ over-allotment option is exercised in full) payable            
 to BTIG, LLC for deferred underwriting commissions to be deposited in a trust account located in the United States and released to BTIG,   
 LLC only upon the completion of an initial business combination. The deferred underwriting commissions will be payable as follows: (i)     
 $0.30 per unit sold in this offering will be paid to BTIG, LLC in cash upon the closing of the initial business combination and (ii)       
 $0.05 per unit sold in this offering will be payable to BTIG, LLC in cash (the “Allocable Amount”), provided that we and                   
 our sponsor have the right, in our and our sponsor’s discretion, to reallocate any portion of the Allocable Amount to third parties        
 not participating in this