Company: BLUWU
Filing Date: 2025-03-31
Form Type: S-1/A
Source: 0001641172-25-001410
Chunk: 207

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-03-31
Form: S-1/A
Chunk 207
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 independent      
 registered public accounting firm all relationships the independent registered public accounting firm have with us in order to evaluate  
 their continued independence;                                                                                                            |
| ● | setting                                                                                                                                  
 clear policies for audit partner rotation in compliance with applicable laws and regulations; obtaining and reviewing a report, at       
 least annually, from the independent registered public accounting firm describing (1) the independent registered public accounting       
 firm’s internal quality-control procedures and (2) any material issues raised by the most recent internal quality-control review,        
 or peer review, of the independent registered public accounting firm, or by any inquiry or investigation by governmental or professional 
 authorities, within the preceding five years respecting one or more independent audits carried out by the firm and any steps taken       
 to deal with such issues;                                                                                                                |
| ● | meeting                                                                                                                                  
 to review and discuss our annual audited financial statements and quarterly financial statements with management and the independent     
 registered public accounting firm, including reviewing our specific disclosures under “Management’s Discussion and Analysis              
 of Financial Condition and Results of Operations”; reviewing and approving any related party transaction required to be disclosed        
 pursuant to Item 404 of Regulation S-K promulgated by the SEC prior to us entering into such transaction; and                            |
| ● | reviewing                                                                                                                                
 with management, the independent registered public accounting firm, and our legal advisors, as appropriate, any legal, regulatory        
 or compliance matters, including any correspondence with regulators or government agencies and any employee complaints or published      
 reports that raise material issues regarding our financial statements or accounting policies and any significant changes in accounting   
 standards or rules promulgated by the Financial Accounting Standards Board, the SEC or other regulatory authorities.                     |

Compensation Committee

Upon the commencement of trading of our units on Nasdaq, our board of directors will establish a compensation committee of our board of directors. The members of our compensation committee will be [●], [●] and [●]. [●] will serve as chair of the compensation committee. Under the Nasdaq listing standards and applicable SEC rules, we are required to have a compensation committee of at least two members, all of whom must be independent. [●], [●] and [●] are each independent. We will adopt a compensation committee charter, which will detail the principal functions of the compensation committee, including:

| ● | reviewing                                                                                                                        
 and approving on an annual basis the corporate goals and objectives relevant to our chief executive officer’s compensation,      
 evaluating our chief executive officer’s performance in light of such goals and objectives and determining and approving the     
 rem