Company: BLUWU
Filing Date: 2025-05-23
Form Type: S-1/A
Source: 0001641172-25-012302
Chunk: 40

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-05-23
Form: S-1/A
Chunk 40
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 be no assurance that the non-managing sponsor investors will acquire          
 any units, either directly or indirectly, in this offering, or as to the amount of the units the non-managing sponsor investors will        
 retain, if any, prior to or upon the consummation of our initial business combination. Because these expressions of interest are            
 not binding agreements or commitments to purchase, non-managing sponsor investors may determine to purchase fewer units in this offering,   
 or none at all. In addition, the underwriters have full discretion to allocate the units to investors and may determine to sell fewer       
 units to the non-managing sponsor investors, or none at all, and the purchase of the non-managing sponsor membership interests is           
 not contingent upon the participation in this offering or vice-versa. Depending on how many units are purchased by the non-managing         
 sponsor investors, the post-offering trading volume, volatility and liquidity of our securities may be reduced relative to what they        
 would have been had the units been more widely offered and sold to other public investors. We do not expect any purchase of units           
 by the non-managing sponsor investors to negatively impact our ability to meet Nasdaq listing eligibility requirements. In addition,        
 the underwriters have full discretion to allocate the units to investors and may determine to sell fewer units to the non-managing sponsor  
 investors, or none at all, and the purchase of the non-managing sponsor membership interests is not contingent upon the participation       
 in this offering or vice versa. The underwriter will receive the same upfront discounts and commissions and deferred underwriting           
 commissions on units purchased by the non-managing sponsor investors, if any, as it will on the other units sold to the public in           
 this offering. In addition, none of the non-managing sponsor investors has any obligation to vote any of their public shares in favor       
 of our initial business combination. Nevertheless, the non-managing sponsor investors will be incentivized to vote any of their public      
 shares in favor of a business combination due to their indirect ownership through the sponsor of 2,800,000 founder shares                   
 (or 3,040,000 founder shares if the underwriters’ over-allotment option is exercised in full) and 350,000 private placement                 
 units (or 380,000 private placement units if the underwriters’ over-allotment option). In the event that the non-managing sponsor           
 investors purchase such units (either in this offering or after) and vote them in favor of our initial business combination, no