Company: BLUWU
Filing Date: 2025-05-23
Form Type: S-1/A
Source: 0001641172-25-012302
Chunk: 36

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-05-23
Form: S-1/A
Chunk 36
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 of our public shares if we do not complete our initial business combination within      
 the completion window or (B) with respect to any other material provisions relating to the rights of holders of Class A ordinary           
 shares or pre-business combination activity; provided that such conversion of founder shares will never occur on a less than one-for-one   
 basis.                                                                                                                                     |
| Appointment                                                                                       
 and removal of directors and continuing the company outside of the Cayman Islands; Voting Rights: |     | Except                                                                                                                                     
 as set forth below, holders of record of our Class A ordinary shares and Class B ordinary shares are entitled to one vote for each         
 share held on all matters to be voted on by shareholders. Unless specified in our amended and restated memorandum and articles of          
 association or as required by the Companies Act or stock exchange rules, an ordinary resolution under Cayman Islands law and our           
 amended and restated memorandum and articles of association, which requires the affirmative vote of at least a majority 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 is generally required to approve any matter voted on by our shareholders. Approval of certain actions require       
 a special resolution under Cayman Islands law, which (except as specified below) 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, and pursuant to our amended and restated memorandum and articles of association, such actions include          
 amending our amended and restated memorandum and articles of association and approving a statutory merger or consolidation with another    
 company. There is no cumulative voting with respect to the appointment of directors, meaning, following our initial business combination,  
 the holders of more than 50% of our ordinary shares voted for the appointment of directors can elect all of the directors. Prior           
 to the consummation of our initial business combination, only holders of our Class B ordinary shares will (i) have the right to vote       
 on the appointment and removal of directors and (ii) 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). Holders        
 of our Class A ordinary shares will