Company: BLUWU
Filing Date: 2025-06-12
Form Type: 8-K
Source: 0001641172-25-014782
Chunk: 0

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-06-12
Form: 8-K
Item: Item 1.01
Chunk 0
---
Item 1.01. Entry into a Material Definitive
Agreement.

On June 11, 2025, Blue Water Acquisition
Corp. III (the “ Company”) consummated its initial public offering (“ IPO”), which consisted of
25,300,000 units (the “ Units”), including 3,300,000 Units issued pursuant to the full exercise by the underwriters of
their over-allotment option. Each Unit consists of one Class A ordinary share, $0.0001 par value (“ Class A Ordinary
Share”) and one-half of one redeemable warrant of the Company (each, a “ Warrant”), with each whole Warrant
entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share (subject to adjustment). The Units were
sold at an offering price of $10.00 per Unit, generating gross proceeds of $253,000,000.

In connection with the IPO, the Company entered
into the following agreements, forms of which were previously filed as exhibits to the Company’s registration statements on
Form S-1, File Nos. 333-285075, and 333-287890, as amended (the “ Registration Statement”), filed with the U. S. Securities
and Exchange Commission:

  Underwriting Agreement, dated June 9, 2025, by and between the Company                                                 
  and BTIG, LLC, as representative of the underwriters (“ BTIG”), a copy of which is attached as Exhibit 1.1 hereto and  
  incorporated herein by reference;                                                                                      
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  Warrant Agreement, dated as of June 9, 2025, by and between the Company                                                        
  and Continental Stock Transfer & Trust Company, as warrant agent, a copy of which is attached as Exhibit 4.1 and incorporated  
  herein by reference;                                                                                                           
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  Letter Agreement, dated June 9, 2025, by and among the Company, Blue                                                 
  Water Acquisition III LLC (the “ Sponsor”), the initial shareholders and the officers and directors of the Company,  
  a copy of which is attached as Exhibit 10.1 and incorporated herein by reference;                                    
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  Investment Management Trust Agreement