Company: BLUWU
Filing Date: 2025-03-31
Form Type: S-1/A
Source: 0001641172-25-001410
Chunk: 332

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-03-31
Form: S-1/A
Chunk 332
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ation of an initial Business Combination, two-thirds) of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the Company.

Note 9 — Subsequent Events

The Company evaluated subsequent events and transactions that occurred after the balance sheet date through March 28, 2025, the date that the financial statements were available to be issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements, other than as disclosed below.

The Sponsor has made $53,588 of payments on behalf of the Company. These payments are recorded under the Promissory Note, resulting in aggregate borrowings of $55,093.

| F-16 |

<div align='center'>20,000,000 Units

Blue Water Acquisition Corp. III

_______________________________

PRELIMINARY PROSPECTUS

[●], 2025

_______________________________

Sole Book-Running Manager

BTIG</div>

Until , 2025 (25 days after the date of this prospectus), all dealers that buy, sell or trade our units, Class A ordinary shares or public warrants, whether or not participating in this offering, may be required to deliver a prospectus. This is in addition to the dealers’ obligation to deliver a prospectus when acting as underwriters and with respect to their unsold allotments or subscriptions.

<div align='center'>Part II

Information not required in prospectus</div>

Item 13. Other Expenses of Issuance and Distribution.

The estimated expenses payable by us in connection with the offering described in this registration statement (other than the underwriting discount and commissions) will be as follows:

| Legal fees and expenses         |     |   | 300,000 |
| Printing and engraving expenses |     |   |  40,000 |
| Accounting fees and expenses    |     |   |  85,000 |
| SEC/FINRA expenses              |     |   |  70,000 |
| Nasdaq listing fees             |     |   |  80,000 |
| Miscellaneous                   |     |   | 175,000 |
| Total                           |     | $ | 750,000 |

Item 14. Indemnification of Directors and Officers.

Cayman Islands law does not limit the extent to which a company’s memorandum and articles of association may provide for indemnification of officers and