Blue Water Acquisition Corp. III (BLUWW) Warrant
Each BLUWW warrant gives the holder the right to buy 1 share of Blue Water Acquisition Corp. III at $11.50 per share, for five years after the company completes its merger. Blue Water Acquisition Corp. III is a SPAC (no deal announced yet). It must complete a deal by June 11, 2027 or the warrants expire worthless. There are 12.65M listed warrants; exercising all of them would add 39.1% to the 32.31M shares outstanding.
No share-price history for BLU yet.
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Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- no
- Break-even stock price
- $11.78
From the issuer's S-1/A (2025-05-23).
Company and stock
- Company
- Blue Water Acquisition Corp. III
- Underlying stock
- BLU
- Shares outstanding
- 32.31M
- Value of all listed warrants
- $3.54M
- Industry
- Blank check company (SPAC)
- Head office
- Greenwich, CT
Shares outstanding as of 10-Q 2026-. Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.2801
- Price / model
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Dilution
- Shares outstanding
- 32.31M
- Listed warrants
- 12.65M
- Dilution if all exercised
- 39.1%
Warrant count from filing iXBRL: PublicWarrantsMember.
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2027-06-11
- Latest possible deadline
- 2027-06-11
- Trust per share
- $10.41
- Sponsor
- Blue Water Acquisition III LLC
- Sponsor's earlier SPACs
- 1 (1 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about BLUWW
When does the BLUWW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of BLUWW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many BLUWW warrants are outstanding?
12.65M listed warrants, equal to 39.1% dilution if all are exercised.
Related warrants
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