Company: BLUWU
Filing Date: 2025-03-31
Form Type: S-1/A
Source: 0001641172-25-001410
Chunk: 42

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-03-31
Form: S-1/A
Chunk 42
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 of          
 the 80% of net assets test described above, provided that in the event that the business combination involves more than one target        
 business, the aggregate value of all of the target businesses will be taken into account for purposes of the 80% fair market value        
 test and we will treat the transactions together as our initial business combination for purposes of seeking shareholder approval         
 or conducting a tender offer, as applicable.                                                                                              |

| 27 |

| Permitted                                                         
 purchases of public shares and public warrants by our affiliates: |     | If                                                                                                                                        
 we seek shareholder approval of our initial business combination and we do not conduct redemptions in connection with our initial         
 business combination pursuant to the tender offer rules, our sponsor, initial shareholders, directors, officers, advisors or their        
 affiliates may purchase shares or public warrants in privately negotiated transactions or in the open market either prior to or following 
 the completion of our initial business combination. Any such price per share may be different than the amount per share a public          
 shareholder would receive if it elected to redeem its shares in connection with our initial business combination. Additionally,           
 at any time at or prior to our initial business combination, subject to applicable securities laws (including with respect to material    
 nonpublic information), our sponsor, initial shareholders, directors, officers, advisors or their affiliates may enter into transactions  
 with investors and others to provide them with incentives to acquire public shares, vote their public shares in favor of our initial      
 business combination or not redeem their public shares. There is no limit on the number of shares our initial shareholders, directors,    
 officers, advisors or their affiliates may purchase in such transactions, subject to compliance with applicable law and Nasdaq rules.     
 However, they have no current commitments, plans or intentions to engage in such transactions and have not formulated any terms or        
 conditions for any such transactions. None of the funds held in the trust account will be used to purchase shares or public warrants      
 in such transactions. 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. To the extent such securities are purchased, such public securities will not be voted as required by Tender Offers and Schedules     
 Compliance and Disclosure Interpretations Question 166.01 promulgated by the SEC.                                                         |
|                                                                   |     | We                                                                                                                                        
 do not currently anticipate that such purchases, if any, would constitute a tender offer