Company: BLUWU
Filing Date: 2025-03-31
Form Type: S-1/A
Source: 0001641172-25-001410
Chunk: 138

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-03-31
Form: S-1/A
Chunk 138
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 in this prospectus. 
 These loans will be repaid upon completion of this offering out of the $750,000 of offering proceeds that has been allocated for       
 the payment of offering expenses other than underwriting commissions. In the event that offering expenses are less than set forth      
 in this table, any such amounts will be used for post-closing working capital expenses.                                                |

| 92 |

| (3) | The                                                                                                                                      
 underwriters have agreed to defer underwriting commissions equal to $0.35 per unit sold in this offering, or $7,000,000 in the aggregate 
 or up to $8,050,000 in the aggregate if the underwriters’ over-allotment option is exercised in full. Upon completion of our             
 initial business combination, $7,000,000, which constitutes the underwriters’ deferred underwriting commissions (or $8,050,000           
 if the underwriters’ option to purchase additional units is exercised in full) will be paid to the underwriters from the funds           
 held in the trust account, and the remaining funds, less amounts released to the trustee to pay redeeming shareholders, will be released 
 to us and can be used to pay all or a portion of the purchase price of the business or businesses with which our initial business        
 combination occurs or for general corporate purposes, including payment of principal or interest on indebtedness incurred in connection  
 with our initial business combination, to fund the purchases of other companies, or for working capital. The underwriters will not       
 be entitled to any interest accrued on the deferred underwriting discounts and commissions.                                              |

| (4) | These                                                                                                                                     
 expenses are estimates only. Our actual expenditures for some or all of these items may differ from the estimates set forth herein.       
 For example, we may incur greater legal and accounting expenses than our current estimates in connection with negotiating and structuring 
 our initial business combination based upon the level of complexity of such business combination. In the event we identify a business     
 combination target in a specific industry subject to specific regulations, we may incur additional expenses associated with legal         
 due diligence and the engagement of special legal counsel. In addition, our staffing needs may vary and as a result, we may engage        
 a number of consultants to assist with legal and financial due diligence. We do not anticipate any change in our intended use of          
 proceeds, other than fluctuations among the current categories of allocated expenses, which fluctuations, to the extent they exceed       
 current estimates for any specific category of expenses, would not be available