Company: BLUWU
Filing Date: 2025-05-23
Form Type: S-1/A
Source: 0001641172-25-012302
Chunk: 263

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-05-23
Form: S-1/A
Chunk 263
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 of our initial business combination pursuant to a registration rights agreement to be signed prior to or on
the effective date of this offering. Pursuant to the registration rights agreement and assuming the underwriters exercise their over-allotment
option in full and $1,500,000 of working capital loans are converted into private placement units, we will be obligated to register up
to 6,965,000 Class A ordinary shares and 405,000 warrants. The number of Class A ordinary shares includes (i) 5,750,000 Class
A ordinary shares to be issued upon conversion of the founder shares, (ii) 660,000 Class A ordinary shares comprising part of
the private placement units and 330,000 Class A ordinary shares underlying the private placement warrants comprising part of such
private placement units and (iii) 150,000 Class A ordinary shares comprising part of the private placement units issued upon conversion
of working capital loans and 75,000 Class A ordinary shares underlying the private placement warrants included in such private
placement units. The number of warrants includes up to 330,000 private placement warrants included in the private placement units and
75,000 private placement warrants comprising part of the private placement units issued upon the conversion of working capital
loans. The holders of these securities are entitled to make up to three demands, excluding short form demands, that we register such
securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements
filed subsequent to our completion of our initial business combination. Notwithstanding anything to the contrary, BTIG may only make
a demand on one occasion and only during the five-year period beginning on the effective date of the registration statement of which
this prospectus forms a part. In addition, BTIG may participate in a “piggy-back” registration only during the seven-year
period beginning on the effective date of the registration statement of which this prospectus forms a part. We will bear the expenses
incurred in connection with the filing of any such registration statements.

Listing of Securities

We intend to apply to have our units listed on Nasdaq under the symbol “BLUWU” commencing on or promptly after the date of this prospectus. We cannot guarantee that our securities will be approved for listing on Nasdaq. Once the securities comprising the units begin separate trading, we expect that the Class A ordinary shares and warrants will be listed on Nasdaq under the symbols “BLUW” and “BL