Company: BLUWU
Filing Date: 2025-03-31
Form Type: S-1/A
Source: 0001641172-25-001410
Chunk: 48

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-03-31
Form: S-1/A
Chunk 48
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 officers’ discretion                 
 in identifying and selecting a suitable target business may result in a conflict of interest when determining whether the terms,            
 conditions and timing of a particular business combination are appropriate and in our shareholders’ best interest, which could              
 negatively impact the timing for a business combination.                                                                                    |
| In                                                                                                                                          
 addition to the above, our officers and directors are not required to commit any specified amount of time to our affairs, and, accordingly, 
 may have conflicts of interest in allocating management time among various business activities, including selecting a business combination  
 target and monitoring the related due diligence. See “Risk Factors — Our officers and directors will allocate                               
 their time to other businesses thereby causing conflicts of interest in their determination as to how much time to devote to our            
 affairs. This conflict of interest could have a negative impact on our ability to complete our initial business combination.”               
 Additionally,                                                                                                                               
 our sponsor and executive officers and directors have agreed to waive their redemption rights with respect to any founder shares            
 and any public shares held by them in connection with the consummation of our initial business combination. Further, our sponsor            
 and executive officers and directors have agreed to waive their redemption rights with respect to any founder shares held by them           
 if we are unable to complete our initial business combination within 24 months from the closing of this offering or by such                 
 earlier liquidation date as our board of directors may approve. If we do not complete our initial business combination within such          
 applicable time period, the proceeds of the sale of the private placement units held in the trust account will be used to fund the          
 redemption of our public shares, and the private placement warrants may expire worthless. With certain limited exceptions, the founder      
 shares will not be transferable, assignable or salable by our sponsor or its permitted transferees until one year after the completion      
 of our initial business combination. With certain limited exceptions, the private placement units (including the securities comprising      
 such units and the Class A ordinary shares issuable upon exercise of the private placement warrants), will not be transferable, assignable  
 or salable by our sponsor or its permitted transferees until 30 days after the completion of our initial business combination.              
 Since our sponsor and executive officers and directors may directly or indirectly own ordinary shares and units following this offering,    
 our executive officers and directors may have a conflict of interest in determining whether a particular target business is an appropriate  
 business with which to effectuate our initial business combination because of their financial interest in completing an initial business    
 combination within