Company: BLUWU
Filing Date: 2025-02-20
Form Type: S-1
Source: 0001493152-25-007630
Chunk: 40

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-02-20
Form: S-1
Chunk 40
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 to amend our amended and restated memorandum and articles of association to extend the amount of time we will have to consummate 
 an initial business combination, we may elect to do so in the future. There is no limit on the number of extensions that we may seek;     
 however, we do not expect to extend the time period to consummate our initial business combination beyond 36 months from the closing      
 of this offering. If we determine not to or are unable to extend the time period to consummate our initial business combination or        
 fail to obtain shareholder approval to extend the completion window, our sponsor’s investment in our founder shares and our               
 private placement units (and the securities comprising such units) will be worthless.                                                     |

| 24 |

| Expression   
 of Interest: |     | The                                                                                                                                         
 non-managing sponsor investors have expressed to us an interest in purchasing up to an aggregate of approximately $[_____] million          
 of the units in this offering at the offering price (assuming the exercise in full of the underwriters’ over-allotment option),             
 or up to [____]% of this offering. None of the non-managing sponsor investors has expressed to us an interest in purchasing more            
 than 9.9% of the units to be sold in this offering. There can be no assurance that the non-managing sponsor investors will acquire          
 any units, either directly or indirectly, in this offering, or as to the amount of the units the non-managing sponsor investors will        
 retain, if any, prior to or upon the consummation of our initial business combination. Because these expressions of interest are            
 not binding agreements or commitments to purchase, non-managing sponsor investors may determine to purchase fewer units in this offering,   
 or none at all. In addition, the underwriters have full discretion to allocate the units to investors and may determine to sell fewer       
 units to the non-managing sponsor investors, or none at all, and the purchase of the non-managing sponsor membership interests is           
 not contingent upon the participation in this offering or vice-versa. Depending on how many units are purchased by the non-managing         
 sponsor investors, the post-offering trading volume, volatility and liquidity of our securities may be reduced relative to what they        
 would have been had the units been more widely offered and sold to other public investors. We do not expect any purchase of units           
 by the non-managing sponsor investors to negatively impact our ability to meet Nasdaq listing eligibility requirements. In addition,        
 the underwriters have full discretion