Company: BLUWU
Filing Date: 2025-03-31
Form Type: S-1/A
Source: 0001641172-25-001410
Chunk: 51

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-03-31
Form: S-1/A
Chunk 51
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 and regulations, may adversely affect our business, including our ability       
 to negotiate and complete our initial business combination, and results of operations.                                                       |
| ● | Our                                                                                                                                          
 search for an initial business combination, and any target business with which we may ultimately consummate an initial business combination, 
 may be materially adversely affected by current global geopolitical conditions resulting from the ongoing Russia-Ukraine conflict            
 and the recent escalation of the conflict in the Middle East and Southwest Asia.                                                             |
| ● | An                                                                                                                                           
 investment in this offering may result in uncertain U.S. federal income tax consequences.                                                    |
| ● | We                                                                                                                                           
 identified a material weakness in our internal control over financial reporting and may identify additional material weaknesses in           
 the future, or fail to maintain an effective system of internal control over financial reporting, which may result in material misstatements 
 of our financial statements or cause us to fail to meet our periodic reporting obligations.                                                  |
| ● | Our                                                                                                                                          
 independent registered public accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about              
 our ability to continue as a “going concern.”                                                                                                |
| ● | The                                                                                                                                          
 other risks and uncertainties discussed in “Risk Factors” and elsewhere in this prospectus.                                                  |

| 41 |

<div align='center'>Risk factors</div>

An investment in our securities involves a high degree of risk. You should consider carefully all of the risks described below, together with the other information contained in this prospectus, before making a decision to invest in our units. If any of the following events occur, our business, financial condition and operating results may be materially adversely affected. In that event, the trading price of our securities could decline, and you could lose all or part of your investment.

Risks Relating to our Search for, and Consummation of or Inability to Consummate, a Business Combination

Our public shareholders may not be afforded an opportunity to vote on our proposed initial business combination, and even if we hold a vote, (i) holders of our founder shares will participate in such vote, which means we may complete our initial business combination even though a majority of our public shareholders do not support such a combination and (ii) if the non-managing sponsor investors purchase the full amount of the units for which they have expressed an interest and vote in favor of an initial business combination, we may not need any public shares sold to other investors in this offering to be voted in favor of the initial business combination.

We may choose not to hold a shareholder vote to approve