Company: BLUWU
Filing Date: 2025-03-31
Form Type: S-1/A
Source: 0001641172-25-001410
Chunk: 195

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-03-31
Form: S-1/A
Chunk 195
---
 is acting        
 in concert as a “group” (as defined under Section 13 of the Exchange Act), will be restricted from seeking redemption                      
 rights with respect to Excess Shares without our prior consent. However, we would not restrict our shareholders’ ability to                
 vote all of their shares (including Excess Shares) for or against our initial business combination.                                        |     | Many                                                                                                                                   
 blank check companies provide no restrictions on the ability of shareholders to redeem shares based on the number of shares held       
 by such shareholders in connection with an initial business combination.                                                               |

| 131 |

Competition

In identifying, evaluating and selecting a target business for our initial business combination, we may encounter competition from other entities having a business objective similar to ours, including other special purpose acquisition companies, private equity groups and leveraged buyout funds, public companies and operating businesses seeking strategic acquisitions. Many of these entities are well established and have extensive experience identifying and effecting business combinations directly or through affiliates. Moreover, many of these competitors possess similar or greater financial, technical, human and other resources than us. Our ability to acquire larger target businesses will be limited by our available financial resources. This inherent limitation gives others an advantage in pursuing the acquisition of a target business. Furthermore, our obligation to pay cash in connection with our public shareholders who exercise their redemption rights may reduce the resources available to us for our initial business combination and our issued and outstanding warrants, and the future dilution they potentially represent, may not be viewed favorably by certain target businesses. Either of these factors may place us at a competitive disadvantage in successfully negotiating an initial business combination.

Facilities

We currently utilize office space at 15 E. Putnam Avenue, Suite 363, Greenwich, CT 06830, provided by our sponsor or an affiliate of our sponsor. We will reimburse our sponsor in an amount equal to $10,000 per month for office space, utilities and secretarial and administrative support made available to us. Upon completion of our initial business combination or our liquidation, we will cease paying these monthly fees.

We consider our current office space adequate for our current operations.

Employees

We currently have two officers: Mr. Joseph Hernandez and Ms. Martha F. Ross. These individuals are not obligated to devote any specific number of hours to our matters but they intend to devote as much of their time as they deem necessary to our affairs until we have completed our initial business combination. The amount of time they will devote in any time period will vary based on whether a target business