Blue Water Acquisition Corp. III Issues $500,000 Convertible Note for Private Placement
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Blue Water Acquisition Corp. III has issued a $500,000 convertible unsecured promissory note to Yorkville BW Acquisition Sponsor, LLC for additional working capital. The note, which does not accrue interest, is payable upon the company’s initial business combination or winding up. It may be converted into up to 50,000 New Units at a conversion price of $10.00 per unit under a private placement exempt from registration.
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