Company: BLUWU
Filing Date: 2025-02-20
Form Type: S-1
Source: 0001493152-25-007630
Chunk: 191

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-02-20
Form: S-1
Chunk 191
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 pursuant to the       
 tender offer rules of the SEC and file tender offer documents with the SEC which will contain substantially the same financial and        
 other information about the initial business combination and the redemption rights as is required under the SEC’s proxy rules.            
 If, however, we hold a shareholder vote, we will, like many blank check companies, offer to redeem shares in conjunction with a proxy     
 solicitation pursuant to the proxy rules and not pursuant to the tender offer rules. 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.     
 However, if our initial business combination is structured as a statutory merger or consolidation with another company under Cayman       
 Islands law, the approval of our initial business combination will require a special resolution, which requires the affirmative 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. Additionally, each public shareholder may elect to redeem their public shares irrespective of whether they vote for       
 or vote against the proposed transaction, or whether they do not vote or abstain from voting on the proposed transaction, or whether      
 they were a public shareholder on the record date for the general meeting held to approve the proposed transaction.                       |     | A                                                                                                                                         
 prospectus containing information pertaining to the business combination required by the SEC would be sent to each investor. Each         
 investor would be given the opportunity to notify the company in writing, within a period of no less than 20 business days and no         
 more than 45 business days from the effective date of a post-effective amendment to the company’s registration statement, to              
 decide if he, she or it elects to remain a shareholder of the company or require the return of his, her or its investment. If the         
 company has not received the notification by the end of the 45 business day, funds and interest or dividends, if any, held in the         
 trust or escrow account are automatically returned to the shareholder. Unless a sufficient number of investors elect to remain investors, 
 all funds on deposit in the escrow account must be returned to all of the investors and none of the securities are issued.