Company: BLUWU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024010
Chunk: 81

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 81
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 finance transaction costs in connection with an intended initial Business Combination, the Sponsor or an affiliate of the Sponsor
or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required on
a non-interest basis (the “Working Capital Loans”). If the Company completes an initial Business Combination, the Company
would repay such loaned amounts. In the event that the initial Business Combination does not close, the Company may use amounts held
outside the Trust Account to repay such loaned amounts but no proceeds from the Trust Account would be used for such repayment. Up to
$1,500,000 of such loans may be convertible into units of the post business combination entity at a price of $10.00 per unit at the option
of the lender. Such units would be identical to the Private Placement Units. Except as set forth above, the terms of such loans, if any,
have not been determined and no written agreements exist with respect to such loans. As of June 30, 2025, no such Working Capital Loans
were outstanding.

Note
7 — Commitments and Contingencies

Risks
and Uncertainties

Various social and political circumstances in the
U.S. and around the world (including rising trade tensions between the U.S. and China, and other uncertainties regarding actual and potential
shifts in the U.S. and foreign, trade, economic and other policies with other countries), may contribute to increased market volatility
and economic uncertainties or deterioration in the U.S. and worldwide.

As a result of these circumstances and the ongoing conflicts in Ukraine,
the Middle East and Southwest Asia and/or other future global conflicts, the Company’s ability to consummate a Business Combination,
or the operations of a target business with which the Company ultimately consummates a Business Combination, may be materially and adversely
affected. In addition, the Company’s ability to consummate a transaction may be dependent on the ability to raise equity and debt
financing which may be impacted by these events, including as a result of increased market volatility, or decreased market liquidity in
third-party financing being unavailable on terms acceptable to the Company or at all. The impact of this action and potential future sanctions
on the world economy and the specific impact on the Company’s financial position, results of operations or ability to consummate
a Business Combination are not yet determinable. The unaudited condensed financial statements do not include any adjustments that might
result from the outcome of this uncertainty.

Registration