Company: BLUWU
Filing Date: 2025-05-23
Form Type: S-1/A
Source: 0001641172-25-012302
Chunk: 207

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-05-23
Form: S-1/A
Chunk 207
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 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 of shared ownership with our sponsor, officers or directors or non-managing sponsor investors. In the event we seek to complete our initial business combination with a company that is affiliated (as defined in our amended and restated memorandum and articles of association) with our sponsor (including its members), officers or directors, we, or a committee of independent directors, will obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions, stating that the consideration to be paid by us in such an initial business combination is fair to our company from a financial point of view. We are not required to obtain such an opinion in any other context.

Additionally, we may pay a finder’s fee, advisory fee, consulting fee or success fee to our sponsor, officers or directors, or our or their affiliates, for services they render to us in connection with our initial business combination, and we may engage our sponsor or an affiliate of our sponsor as an advisor or otherwise in connection with our initial business combination and pay such person or entity a salary or fee in an amount that constitutes a market standard for comparable transactions, which, in each case, if made prior to the completion of our initial business combination, will be paid from funds held outside the trust account.

We cannot assure you that any of the above mentioned conflicts will be resolved in our favor.

In the event that we submit our initial business combination to our public shareholders for a vote, our sponsor, officers and directors have agreed to vote their founder