Company: BLUWU
Filing Date: 2025-02-20
Form Type: S-1
Source: 0001493152-25-007630
Chunk: 190

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-02-20
Form: S-1
Chunk 190
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 vote. In either case, our public shareholders may redeem their public shares for cash equal to the aggregate amount then on deposit       
 in the trust account calculated as of two business days prior to the consummation of the initial business combination (which is initially 
 anticipated to be $10.00 per share), including interest earned on the funds held in the trust account (less taxes payable), divided       
 by the number of then outstanding public shares, subject to the limitation that no redemptions will take place if all of the redemptions  
 would cause to be unable to satisfy any limitations (including but not limited to cash requirements) agreed to in connection with         
 the negotiation of terms of a proposed business combination.                                                                              |     | If                                                                                                                                       
 we seek shareholder approval of our initial business combination, our sponsor, initial shareholders, directors, officers, advisors       
 or their affiliates may purchase shares or warrants in privately negotiated transactions or in the open market either prior to or        
 following completion of our initial business combination. If our sponsor, initial shareholders, directors, officers, advisors or         
 their affiliates were to purchase shares of warrants from public shareholders, they would do so at a price no higher than the price      
 offered through our redemption process. If they engage in such transactions, they will not make any such purchases when they are         
 in possession of any material nonpublic information not disclosed to the seller or if such purchases are prohibited by Regulation        
 M under the Exchange Act. We do not currently anticipate that such purchases, if any, would constitute a tender offer subject to         
 the tender offer rules under the Exchange Act or a going-private transaction subject to the going-private rules under the Exchange       
 Act; however, if the purchasers determine at the time of any such purchases that the purchases are subject to such rules, the purchasers 
 will comply with such rules.                                                                                                             |     | If                                                                                                                                       
 we are unable to complete our initial business combination within the completion window, we will redeem all public shares at a per-share 
 price, payable in cash, equal to the aggregate amount, then on deposit in the trust account (which is initially anticipated to be        
 $10.00 per share), including interest earned on the funds held in the trust account and not previously released to us (less taxes        
 payable and up to $100,000 of interest to pay dissolution expenses) divided by the number of then outstanding public shares.             |
| Impact                    
 to remaining shareholders |     | The                                                                                                                                       
 redemptions in connection with our initial business combination will reduce the