Company: BLUWU
Filing Date: 2025-02-20
Form Type: S-1
Source: 0001493152-25-007630
Chunk: 209

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-02-20
Form: S-1
Chunk 209
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 members of our management team may receive compensation upon consummation of our initial business combination, and accordingly, they          
 may have a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate       
 our initial business combination as such compensation will not be received unless we consummate such business combination.                    |

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| ● | Our                                                                                                                                    
 officers and directors may have a conflict of interest with respect to evaluating a particular business combination if the retention   
 or resignation of any such officers and directors was included by a target business as a condition to any agreement with respect       
 to our initial business combination.                                                                                                   |
| ● | In                                                                                                                                     
 the event our sponsor or members of our management team provide loans to us to finance transaction costs and/or incur expenses on      
 our behalf in connection with an initial business combination, such persons may have a conflict of interest in determining whether     
 a particular target business is an appropriate business with which to effectuate our initial business combination as such loans may    
 not be repaid and/or such expenses may not be reimbursed unless we consummate such business combination.                               |
| ● | Similarly,                                                                                                                             
 if we agree to pay our sponsor, officers or directors, or our or their affiliates, or a member of our management team a finder’s       
 fee, advisory fee, consulting fee or success fee in order to effectuate the completion of our initial business combination, such       
 persons may have a conflict of interest in determining whether a particular target business is an appropriate business with which      
 to effectuate our initial business combination as any such fee may not be paid unless we consummate such business combination.         |
| ● | We                                                                                                                                     
 are not prohibited from pursuing an initial business combination with a company that is affiliated with our sponsor, officers or       
 directors, non-managing sponsor investors, or completing the business combination through a joint venture or other form of shared      
 ownership with our sponsor, officers or directors or non-managing sponsor investors; accordingly, such affiliated person(s) may have   
 a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate our     
 initial business combination as such affiliated person(s) would have interests different from our public shareholders and would likely 
 not receive any financial benefit unless we consummated such business combination.                                                     |

We are not prohibited from pursuing an initial business combination with a company that is affiliated with our sponsor, officers or directors, non-managing sponsor investors, or completing the business combination through a joint venture or other form