Company: BLUWU
Filing Date: 2025-05-23
Form Type: S-1/A
Source: 0001641172-25-012302
Chunk: 38

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-05-23
Form: S-1/A
Chunk 38
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 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 exercised in full), in a                
 private placement that will close simultaneously with the closing of this offering. Each private placement unit will consist of one       
 Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary       
 share at $11.50 per share. The private placement units are identical to the units sold in this offering, subject to certain limited       
 exceptions as described in this prospectus. The private placement warrants will be identical to the warrants comprising part of the       
 units being offered by this prospectus. Of those 600,000 private placement units (or 660,000 private placement units if the underwriters’ 
 over-allotment option is exercised in full), our sponsor has agreed to purchase 400,000 private placement units (or 430,000 private       
 placement units if the underwriters’ over-allotment option is exercised in full) and BTIG has agreed to purchase 200,000 private          
 placement units (or 230,000 private placement units if the underwriters’ over-allotment option is exercised in full). The private         
 placement shares and private placement warrants will also be worthless if we do not complete our initial business combination. A          
 portion of the purchase price of the private placement units will be added to the proceeds from this offering to be held in the trust     
 account such that at the time of closing of this offering $200,000,000 (or $230,000,000 if the underwriters exercise their over-allotment 
 option in full) will be held in the trust account. The private placement