Company: BLUWU
Filing Date: 2025-02-20
Form Type: S-1
Source: 0001493152-25-007630
Chunk: 36

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-02-20
Form: S-1
Chunk 36
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 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 is generally required to approve any matter voted on by our shareholders. Approval of certain actions require       
 a special resolution under Cayman Islands law, which (except as specified below) requires the affirmative vote of at least two-thirds      
 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, and pursuant to our amended and restated memorandum and articles of association, such actions include          
 amending our amended and restated memorandum and articles of association and approving a statutory merger or consolidation with another    
 company. There is no cumulative voting with respect to the appointment of directors, meaning, following our initial business combination,  
 the holders of more than 50% of our ordinary shares voted for the appointment of directors can elect all of the directors. Prior           
 to the consummation of our initial business combination, only holders of our Class B ordinary shares will (i) have the right to vote       
 on the appointment and removal of directors and (ii) be entitled to vote on continuing our company in a jurisdiction outside the           
 Cayman Islands (including any special resolution required to amend our constitutional documents or to adopt new constitutional documents,  
 in each case, as a result of our approving a transfer by way of continuation in a jurisdiction outside the Cayman Islands). Holders        
 of our Class A ordinary shares will not be entitled to vote on these matters during such time. These provisions of our amended and         
 restated memorandum and articles of association may only be amended if approved by a special resolution passed by the affirmative          
 vote of at least 90% (or, where such amendment is proposed in respect of the consummation of our initial business combination, two-thirds) 
 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.                                                                                                 |

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|                  |     | With                                                                                                                                      
 respect to any other matter submitted to a vote of our shareholders prior to or in connection with the completion of our initial          
 business combination, including any vote in connection with our initial business combination, except as required by law, holders          
 of the founder shares and holders of our public shares will vote together as