Company: BLUWU
Filing Date: 2025-03-31
Form Type: S-1/A
Source: 0001641172-25-001410
Chunk: 4

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-03-31
Form: S-1/A
Chunk 4
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11.50 per share. We refer to the shares included in the private placement units throughout this prospectus as the “private
placement shares” and the warrants included in the private placement units as the “private placement warrants.” The
private placement units are identical to the units sold in this offering, subject to certain limited exceptions as described in this
prospectus. The private placement warrants will be identical to the warrants comprising part of the units being offered by this prospectus.
Of those 600,000 private placement units (or 660,000 private placement units if the underwriters’ over-allotment option is exercised
in full), our sponsor has agreed to purchase 400,000 private placement units (or 430,000 private placement units if the underwriters’
over-allotment option is exercised in full) and BTIG, LLC has agreed to purchase 200,000 private placement units (or 230,000 private
placement units if the underwriters’ over-allotment option is exercised in full). [____] institutional investors (none of which
are affiliated with any member of our management, our sponsor or any other investor), which we refer to as the “non-managing sponsor
investors” throughout this prospectus, have expressed an interest to indirectly purchase, through the purchase of non-managing
sponsor membership interests, an aggregate of 350,000 (or 380,000 if the underwriters’ over-allotment option is exercised in full)
of the 400,000 private placement units (or 430,000 private placement units if the underwriters’ over-allotment option is exercised
in full) being purchased by our sponsor at a price of $10.00 per unit ($3,500,000 in the aggregate (or $3,800,000 if the underwriters’
over-allotment option is exercised in full)) in a private placement that will close simultaneously with the closing of this offering.
Subject to each non-managing sponsor investor purchasing, through the sponsor, the private placement units allocated to it in connection
with the closing of this offering, the sponsor will issue membership interests at a nominal purchase price ($0.004) to the non-managing
sponsor investors reflecting interests in an aggregate of [____] founder shares (or [____] founder shares if the underwriters’
over-allotment option is exercised in full) held by the sponsor. Due to such nominal purchase price, the non-managing sponsor investors
will have the potential