Company: BLUWU
Filing Date: 2025-02-20
Form Type: S-1
Source: 0001493152-25-007630
Chunk: 164

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-02-20
Form: S-1
Chunk 164
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 Founder            
 Shares             |     | The                                                                                                                                    
 earlier of (A) one year after the completion of our initial business combination or earlier if, subsequent to our initial business     
 combination, the closing price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, 
 share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day              
 period commencing at least 150 days after our initial business combination and (B) the date following the completion of                
 our initial business combination on which we complete a liquidation, merger, share exchange or other similar transaction that results  
 in all of our shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property.          |     | Our                                                
 sponsor, officers, directors and director nominees |     | Transfers permitted (a) to                                                                                                            
 our or BTIG’s officers, directors, advisors or consultants, any affiliate or family member of any of our or BTIG’s officers,          
 directors, advisors or consultants, any members or partners of the sponsor or their affiliates and funds and accounts advised by      
 such members or partners, any affiliates of the sponsor, or any employees of such affiliates; (b) in the case of an individual,       
 as a gift to such person’s immediate family or to a trust, the beneficiary of which is a member of such person’s immediate            
 family, an affiliate of such person or to a charitable organization; (c) in the case of an individual, by virtue of laws of           
 descent and distribution upon death of such person; (d) in the case of an individual, pursuant to a qualified domestic relations      
 order; (e) by private sales or transfers made in connection with any forward purchase agreement or similar arrangement, in connection 
 with an extension of the completion window or in connection with the consummation of a business combination at prices no greater      
 than the price at which the shares or warrants were originally purchased; (f) pro rata distributions from our sponsor or BTIG         
 to its respective members, partners or shareholders pursuant to our sponsor’s or BTIG’s limited liability company agreement           
 or other charter documents; (g) by virtue of the laws of the Cayman Islands or our sponsor’s limited liability company                
 agreement upon dissolution of our sponsor or upon dissolution of BTIG; (h) in the event of our liquidation prior to our consummation  
 of our initial business combination;