Company: BLUWU
Filing Date: 2025-12-02
Form Type: SCHEDULE 13D
Source: 0001104659-25-117787
Chunk: 0

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-12-02
Form: SCHEDULE 13D
Chunk 0
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11) excludes certain shares (See Instructions) |
| 13                                                                 |                                                                               20.9 % |
| 14                                                                 |                                                                                   OO |

Comment for Type of Reporting Person: (1) Includes (i) 430,000 Class A Ordinary Shares, $0.0001 par value (the "Class A Ordinary Shares") included in Private Units (as defined below), and (ii) 6,325,000 of the Issuer's Class B ordinary shares, $0.0001 par value (the "Class B Ordinary Shares", and together with the Class A Ordinary Shares, the "Ordinary Shares"), which are automatically convertible into Class A Ordinary Shares concurrently with or immediately following the consummation of the Issuer's initial business combination on a one-for-one basis, or at any time prior to the Issuer's initial business combination, at the option of the holder, subject to adjustment as more fully described under the heading "Description of Securities--Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-285075). Such securities were acquired by Yorkville BW Acquisition Sponsor, LLC (the "New Sponsor") pursuant to the Purchase Agreement, dated November 25, 2025, among Blue Water Acquisition Corp. III (the "Issuer"), Blue Water Acquisition III LLC (the "Prior Sponsor"), under which the New Sponsor (i) acquired from the Prior Sponsor (a) all of the Issuer's outstanding Class B Ordinary Shares and (b) 430,000 of the Issuer's private placement units (the "Private Units," together with the Class B Ordinary Shares, the "Acquired Securities"), with each Private Unit comprised of one Class A Ordinary Share and one-half of one warrant, with each whole warrant entitling the holder to purchase one Class A Ordinary Share, at an exercise price of $11.50 per share (a "Private Warrant"), which will become exercisable beginning at the later of 12 months from the closing of the SPAC's initial public offering and 30 days after the completion of a Business Combination and will expire at 5:00 p.m., New York City time, five years after the consummation of the Business Combination, or earlier upon redemption or liquidation, and (ii) became the sponsor of the Issuer. The responses to Items 7 - 13 of the cover pages of this Schedule 13D do not take into account the aforementioned 215,000 Private Warrants, because