Current Report · Items 1.01, 9.01 · 8-K
Blue Water Acquisition Corp. III
BLUWNASDAQEQUITYCurrent
Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. Indemnity Agreement On January 21, 2026, the Board of Directors of Blue Water Acquisition Corp. III (the “Company”) approved a new form of Indemnity Agreement (the “Indemnity Agreement”) to be entered into with the Company’s directors and officers (each, an “Indemnitee”) who were appointed on November 25, 2025.…
Filed Jan 22, 2026Accepted Jan 22, 2026, 4:50 PM ESTCIK 2050501Accession 0001104659-26-005847
Company context
We are a blank check company incorporated on November 1, 2024 as a Cayman Islands exempted company with no material operations of our own and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. While we may pursue an acquisition opportunity in any business, industry, sector or geographical location, we intend to focus on high-potential companies in the biotechnology, healthcare and technology sectors. Our mission is to leverage our management team’s extensive expertise and deep industry connections to drive transformative advancements and generate substantial returns for our investors.
Current securities
Disclosure sections
Items 1.01, 9.01Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01. Entry into a Material Definitive Agreement.
Indemnity Agreement
On January 21, 2026, the Board of Directors of
Blue Water Acquisition Corp. III (the “Company”) approved a new form of Indemnity Agreement (the “Indemnity Agreement”)
to be entered into with the Company’s directors and officers (each, an “Indemnitee”) who were appointed on November
25, 2025. The Indemnity Agreement supersedes and replaces the previous form of indemnity agreement filed as Exhibit 10.6 to the Company’s
Form 8-K filed on June 12, 2025, and to which the Company’s prior directors and officers, all of whom resigned on November 25, 2025,
were parties. The Company’s directors and officers who were appointed on November 25, 2025, were never party to such previous form
of indemnity agreement, and instead, will only be a party to the Indemnity Agreement.
Pursuant to the Indemnity Agreement, the Company
will, among other things, indemnify, hold harmless and exonerate each Indemnitee to the fullest extent permitted by applicable law and
the Company’s amended and restated memorandum and articles of association (the “A&R Memorandum and Articles”) if
the Indemnitee becomes involved in certain claims, proceedings or investigations by reason of the Indemnitee’s service to and activities
on behalf of the Company. The Indemnity Agreement also provides for the advancement of expenses (to the fullest extent not prohibited
by Cayman Islands or Delaware law, whichever is more favorable to the Indemnitee) and establishes procedures, as well as qualifications
and limitations, that will apply to claims for indemnification thereunder, subject to the Indemnity Agreement’s exclusions. Each
Indemnity Agreement is intended to provide contractual rights that supplement and are in furtherance of the indemnification provided in
the Company’s A&R Memorandum and Articles and applicable law.
The foregoing description of the Indemnity Agreement
does not purport to be complete and is qualified in its entirety by reference to the full text of the Indemnity Agreement, which is filed
hereto as Exhibit 10.1 and which is incorporated herein by reference.