Company: BLUWU
Filing Date: 2025-02-20
Form Type: S-1
Source: 0001493152-25-007630
Chunk: 35

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-02-20
Form: S-1
Chunk 35
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 at which Class B ordinary shares convert into Class A ordinary shares will be adjusted (unless the holders of a majority         
 of the outstanding Class B ordinary shares agree to waive such adjustment with respect to any such issuance or deemed issuance) so         
 that the number of Class A ordinary shares issuable upon conversion of all Class B ordinary shares will equal, in the aggregate,           
 20% of the sum of (i) the total number of all Class A ordinary shares outstanding upon the completion of this offering (including          
 any Class A ordinary shares issued pursuant to the underwriters’ over-allotment option and excluding the Class A ordinary shares           
 comprising part of the private placement units and the Class A ordinary shares underlying the private placement warrants issued to         
 the sponsor), plus (ii) all Class A ordinary shares and equity-linked securities issued or deemed issued, in connection with the           
 closing of the initial business combination (excluding any shares or equity-linked securities issued, or to be issued, to any seller       
 in the initial business combination and any private placement-equivalent units issued to our sponsor or any of its affiliates or           
 to our officers or directors upon conversion of working capital loans) minus (iii) any redemptions of Class A ordinary shares by           
 public shareholders in connection with an initial business combination and any Class A ordinary shares redeemed by public shareholders     
 in connection with any amendment to our amended and restated memorandum and articles of association made prior to the consummation         
 of the initial business combination (A) to modify the substance or timing of our obligation to allow redemption in connection with         
 our initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination within      
 the completion window or (B) with respect to any other material provisions relating to the rights of holders of Class A ordinary           
 shares or pre-business combination activity; provided that such conversion of founder shares will never occur on a less than               
 one-for-one basis.                                                                                                                         |
| Appointment                                                                                       
 and removal of directors and continuing the company outside of the Cayman Islands; Voting Rights: |     | Except                                                                                                                                     
 as set forth below, holders of record of our Class A ordinary shares and Class B ordinary shares are entitled to one vote for each         
 share held on all matters to be voted on by shareholders. Unless specified in our amended and restated memorandum and articles of          
 association or as required by the Companies Act or stock exchange rules, an ordinary resolution under Cayman Islands law and our           
 amended and restated memorandum and articles of association, which