Company: BLUWU
Filing Date: 2025-02-20
Form Type: S-1
Source: 0001493152-25-007630
Chunk: 37

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-02-20
Form: S-1
Chunk 37
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 a single class, with each share entitling the holder         
 to one vote. If we seek shareholder approval of our initial business combination, we will complete our initial business combination       
 only if we receive 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. In such case, our sponsor, officers   
 and directors have agreed to vote their founder shares, private placement shares and any public shares purchased during or after          
 this offering (including in open market and privately-negotiated transactions, aside from shares they may purchase in compliance          
 with the requirements of Rule 14e-5 under the Exchange Act, which would not be voted in favor of approving the business combination       
 transaction) in favor of our initial business combination. As a result, in addition to our initial shareholders’ founder shares           
 and private placement shares, we would need 7,200,001, or 36.0%, of the 20,000,000 public shares sold in this offering to be voted        
 in favor of an initial business combination in order to have our initial business combination approved, assuming all outstanding          
 shares are voted, the over-allotment option is not exercised and the parties to the letter agreement do not acquire any Class A ordinary  
 shares. Assuming that only the holders of a majority of our issued and outstanding ordinary shares, representing a quorum under our       
 amended and restated memorandum and articles of association, vote their shares at a general meeting of the company, we would need         
 800,001, or 4.0%, of the 20,000,000 public shares sold in this offering in addition to our founder shares and private placement shares    
 to be voted in favor of an initial business combination in order to approve an initial business combination.                              |
| Private          
 placement units: |     | Our                                                                                                                                       
 sponsor and BTIG have committed, pursuant to written agreements, to purchase an aggregate of 600,000 private placement units (or          
 660,000 private placement units if the underwriters’ over-allotment option is exercised in full), at a price of $10.00 per                
 unit, or $6,000,000 in the aggregate (or $6,600,000 if the underwriters’ over-allotment option is