Hernandez Joseph 4
4 · Blue Water Acquisition Corp. III · Filed Jun 12, 2025
Insider Transaction Report
Form 4
Hernandez Joseph
DirectorChief Executive Officer10% Owner
Transactions
- Purchase
Warrants to purchase Class A ordinary shares
2025-06-11+215,000→ 215,000 total(indirect: See Footnote)Exercise: $11.50→ Class A ordinary shares (215,000 underlying) - Purchase
Class A ordinary shares
2025-06-11+430,000→ 430,000 total(indirect: See Footnote)
Footnotes (2)
- [F1]Reflects the 430,000 private units owned by Blue Water Acquisition III LLC, the Issuer's sponsor. Each private unit consists of one Class A ordinary share and one-half of one warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share for $11.50 per share, subject to adjustment. The private units were purchased at $10.00 per unit for an aggregate purchase price of $4,300,000. Joseph Hernandez is the managing member of the sponsor and has voting and dispositive power over the securities held of record by the sponsor. Mr. Hernandez disclaims any beneficial ownership of the securities held by the sponsor, except to the extent of his pecuniary interest therein.
- [F2]The warrants included in the private units will become exercisable at the later of 12 months from the closing of the Issuer's initial public offering and 30 days after the completion of its initial business combination and will expire five years after the completion of the initial business combination or earlier upon redemption or liquidation.