Company: BLUWU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024010
Chunk: 124

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 124
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 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
Rights

The
holders of the (i) founder shares, which were issued in a private placement prior to the closing of the Initial Public Offering, (ii)
Private Placement Units (and the securities comprising such units and the Class A ordinary shares issuable upon exercise of the Private
Placement Warrants) which were issued in a private placement simultaneously with the closing of the Initial Public Offering and (iii)
Private Placement Units (and the securities comprising such units and the Class A ordinary shares issuable upon exercise of the Private
Placement Warrants) that may be issued upon conversion of Working Capital Loans will have registration rights to require the Company
to register a sale of any of the Company’s securities held by them and any other securities of the Company acquired by them prior
to the consummation of an initial Business Combination pursuant to a registration rights agreement signed on the effective date of the
Initial Public Offering.

The
holders of these securities will be entitled to make up to three demands, excluding short form demands, that the Company register such
securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements
filed subsequent to the completion of an initial Business Combination. Notwithstanding anything to the contrary, BTIG, LLC may only make
a demand on one occasion and only during the five-year period beginning the commencement of sales of the Initial
Public Offering. In addition,
BTIG, LLC may participate in a “piggy-back” registration only during the seven-year period beginning the commencement of sales of the Initial Public