Company: BLUWU
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023451
Chunk: 22

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 22
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, 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 September
30, 2025 and December 31, 2024, 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
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)