Company: BLUWU
Filing Date: 2025-02-20
Form Type: S-1
Source: 0001493152-25-007630
Chunk: 24

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-02-20
Form: S-1
Chunk 24
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 other special purpose acquisition company with which they may become involved. Any such companies, businesses or investments may present additional conflicts of interest in pursuing an initial business combination target. However, because we expect that our company will generally have priority over any other special purpose acquisition companies subsequently formed by our sponsor, officers or directors with respect to acquisition opportunities until we complete our initial business combination or enter into a contractual agreement that would restrict our ability to engage in material discussions regarding a potential initial business combination, we do not believe that any such potential conflicts would materially affect our ability to complete our initial business combination.

| 9 |

Prior to the date of this prospectus, we will file a Registration Statement on Form 8-A with the SEC to voluntarily register our securities under Section 12 of the Securities Exchange Act of 1934, as amended, or the Exchange Act. As a result, we will be subject to the rules and regulations promulgated under the Exchange Act. We have no current intention of filing a Form 15 to suspend our reporting or other obligations under the Exchange Act prior or subsequent to the consummation of our initial business combination. Additional Financing We intend to effectuate our initial business combination using cash from the proceeds of this offering, the sale of the private placement units, our equity, debt or a combination of these as the consideration to be paid in our initial business combination. Generally, the issuance of additional shares in a business combination:

| ● | may                                                                                               
 significantly dilute the equity interest of investors in this offering, which dilution would      
 increase if the anti-dilution provisions in the Class B ordinary shares resulted                  
 in the issuance of Class A ordinary shares on a greater than one-to-one basis upon                
 conversion of the Class B ordinary shares;                                                        |
| ● | may                                                                                               
 subordinate the rights of holders of Class A ordinary shares if preference shares are             
 issued with rights senior to those afforded to Class A ordinary shares;                           |
| ● | could                                                                                             
 cause a change in control if a substantial number of Class A ordinary shares are issued,          
 which may affect, among other things, the post-business combination company’s                     
 ability to use its net operating loss carry forwards, if any, and could result in the resignation 
 or removal of officers and directors;                                                             |
| ● | may                                                                                               
 have the effect of delaying or preventing a change of control of the post-business combination    
 company by diluting the share ownership or voting rights of a person seeking to obtain control    
 of the post-business combination company; and                                                     |
|