Company: BLUWU
Filing Date: 2025-02-20
Form Type: S-1
Source: 0001493152-25-007630
Chunk: 45

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-02-20
Form: S-1
Chunk 45
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 20,000,000 public shares sold in this offering to be voted in favor of         
 an initial business combination in order to have our initial business combination approved, assuming all outstanding shares are voted,     
 the over-allotment option is not exercised and the parties to the letter agreement do not acquire any Class A ordinary shares. Assuming    
 that only the holders of a majority of our issued and outstanding ordinary shares, representing a quorum under our amended and restated    
 memorandum and articles of association, vote their shares at a general meeting of the company, we would need 800,001, or 4.0%, of          
 the 20,000,000 public shares sold in this offering in addition to our founder shares and private placement shares to be voted in           
 favor of an initial business combination in order to approve an initial business combination. However, if our initial business combination 
 is structured as a statutory merger or consolidation with another company under Cayman Islands law, the approval of our initial business   
 combination will require a special resolution, which requires the affirmative vote of at least two-thirds of the votes cast by such        
 shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting         
 of the company. In addition, prior to the closing of our initial business combination, only holders of our Class B ordinary shares         
 (i) will have the right to vote to appoint and remove directors prior to or in connection with the completion of our initial business      
 combination and (ii) will be entitled to vote on continuing our company in a jurisdiction outside the Cayman Islands (including any        
 special resolution required to amend our constitutional documents or to adopt new constitutional documents, in each case, as a result      
 of our approving a transfer by way of continuation in a jurisdiction outside the Cayman Islands). These quorum and voting thresholds,      
 and the voting agreements of our initial shareholders, may make it more likely that we will consummate our initial business combination.   |
| Each                                                                                                                                       
 public shareholder may elect to redeem their public shares irrespective of whether they vote for or vote against the proposed transaction, 
 or whether they do not vote or abstain from voting on the proposed transaction, or whether they were a public shareholder on the           
 record date for the general meeting held to approve the proposed transaction.                                                              |
| If                                                                                                                                         
 a shareholder vote is not required and we do not decide to hold a shareholder vote for business or other legal reasons, we will:           
 ●  conduct the red