Blue Water Acquisition Corp. III (NASDAQ:BLUWU) announced the pricing of its upsized $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BLUWU”, Thursday, May 29, 2025.
The new SPAC plans to combine with a target company in the biotech or broader technology spheres, which may include AI, cloud computing or cybersecurity.
Blue Water III’s management team is led by Chairman and Chief Executive Officer Joseph Hernandez and Chief Financial Officer Martha F. Ross. The Board also includes Timothy N. Coulson, Dr. Trevor L. Hawkins, Ish S. Dugal, and Laurent D. Hermouet.
Total SPAC deal count for 2025 year-to-date is now 54. This offering is expected to close on Friday, May 30, 2025.
BTIG, LLC is acting as sole book-running manager in the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with DLA Piper LLP serving as Underwriter’s Counsel. Elliott Davis, PLLC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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