Company: BLUWU
Filing Date: 2025-02-20
Form Type: S-1
Source: 0001493152-25-007630
Chunk: 44

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-02-20
Form: S-1
Chunk 44
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 opportunity to redeem their public shares by one of the two methods           
 listed above will be contained in provisions of our amended and restated memorandum and articles of association and will apply whether     
 or not we maintain our registration under the Exchange Act or our listing on Nasdaq. Such provisions may be amended if approved by         
 a special resolution, which 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 of the company.                |
|                                                                                     |     | If                                                                                                                                         
 we provide our public shareholders with the opportunity to redeem their public shares in connection with a general meeting, we will:       
 ●   conduct the redemptions in conjunction with a proxy solicitation pursuant to Regulation 14A of the Exchange Act, which regulates       
 the solicitation of proxies, and not pursuant to the tender offer rules, and                                                               
 ●   file proxy materials with the SEC.                                                                                                     |

| 30 |

| If                                                                                                                                         
 we seek shareholder approval, 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. A quorum for such meeting will be present if the holders of at least a majority          
 of issued and outstanding shares entitled to vote at the meeting are represented in person or by proxy. Our initial shareholders           
 will count toward this quorum and, pursuant to the letter agreement, 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. For purposes of seeking approval of an ordinary resolution, non-votes will have no effect on the approval of our initial      
 business combination once a quorum is obtained. 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