Company: BLUWU
Filing Date: 2025-03-31
Form Type: S-1/A
Source: 0001641172-25-001410
Chunk: 204

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-03-31
Form: S-1/A
Chunk 204
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. filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code, and in February 2023, Clarus Therapeutics Holdings Inc. was liquidated, deregistered its securities and suspended its reporting obligations under the Exchange Act.

Martha F. Ross
served as Chief Financial Officer of Clean Earth Acquisitions Corp., a special purpose acquisition company that completed its $230
million initial public offering in February 2022 and consummated a business combination with Alternus Energy Group in December
2023.

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Other than as set forth above, none of our sponsor, officers or directors has had any experience in organizing and managing special purpose acquisition companies.

Number and Terms of Office of Officers and Directors

Our board of directors will consist of four members and will be divided into three classes with only one class of directors being appointed in each year, and with each class (except for those directors appointed prior to our first annual general meeting) serving a three-year term. Prior to the closing of our initial business combination, only holders of our Class B ordinary shares will be entitled to vote on the appointment and removal of directors or continuing the 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 public shares will not be entitled to vote on such matters during such time. These provisions of our amended and restated memorandum and articles of association relating to these rights of holders of Class B ordinary shares may be amended 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. In accordance with Nasdaq corporate governance requirements, we are not required to hold an annual general meeting until one year after our first fiscal year end following our listing on Nasdaq. The term of office of the first class of directors, which will consist of [●] and [●] will expire at our first annual general meeting. The term of office of the second class of directors, which will consist of [●] and [●], will expire at the second annual general meeting. The term of office of the