Company: BLUWU
Filing Date: 2025-02-20
Form Type: S-1
Source: 0001493152-25-007630
Chunk: 207

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-02-20
Form: S-1
Chunk 207
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 purpose acquisition companies similar to ours or may pursue other business or investment ventures during the period in which we are seeking an initial business combination. As a result, our sponsor, officers and directors could have conflicts of interest in determining whether to present business combination opportunities to us or to any other special purpose acquisition company with which they may become involved. Any such companies, businesses or investments may present additional conflicts of interest in pursuing an initial business combination target. However, because we expect that our company will generally have priority over any other special purpose acquisition companies subsequently formed by our sponsor, officers or directors with respect to acquisition opportunities until we complete our initial business combination or enter into a contractual agreement that would restrict our ability to engage in material discussions regarding a potential initial business combination, we do not believe that any such potential conflicts would materially affect our ability to complete our initial business combination.

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Potential investors should also be aware of the following other potential conflicts of interest:

| ● | Our                                                                                                                                           
 officers and directors are not required to, and will not, commit their full time to our affairs, which may result in a conflict of            
 interest in allocating their time between our operations and our search for a business combination and their other businesses. We             
 do not intend to have any full-time employees prior to the completion of our initial business combination. Each of our officers is            
 engaged in several other business endeavors for which he may be entitled to substantial compensation, and our officers are not obligated      
 to contribute any specific number of hours per week to our affairs.                                                                           |
| ● | Our                                                                                                                                           
 initial shareholders purchased founder shares prior to the date of this prospectus and will purchase private placement units in a             
 transaction that will close simultaneously with the closing of this offering. Our sponsor, officers and directors have entered into           
 a letter agreement with us, pursuant to which they have agreed to waive their redemption rights with respect to any shares held by            
 them in connection with the completion of our initial business combination. Additionally, our sponsor, officers and directors have            
 agreed to waive their rights to liquidating distributions from the trust account with respect to their founder shares and private             
 placement shares if we fail to complete our initial business combination within the prescribed time frame, although they will be              
 entitled to liquidating distributions from assets outside the trust account. If we do not complete our initial business combination           
 within the prescribed time frame, the private placement units (and the securities comprising such units) will be worthless. Furthermore,      
 our sponsor, officers and directors have agreed not to transfer,