Blue Water Acquisition Corp. III Closes Upsized IPO Raising $253 Million

Blue Water Acquisition Corp. III Successfully Completes IPO

On June 11, 2025, Blue Water Acquisition Corp. III (BLUWU), a newly established special purpose acquisition company (SPAC) based in the Cayman Islands, revealed the successful completion of its upsized initial public offering (IPO), bringing in a massive $253 million. This noteworthy financial milestone was achieved following the full exercise of an over-allotment option, which resulted in the issuance of an additional 3.3 million units at a price of $10.00 each.

The units began trading on the Nasdaq Global Market under the ticker symbol "BLUWU" on June 10, 2025. Notably, each unit comprises one Class A ordinary share along with half of one redeemable warrant. Holders of these warrants can purchase an additional Class A ordinary share for $11.50. Once the units are traded separately, it’s expected for the Class A shares and warrants to trade on Nasdaq under the designations "BLUW" and "BLUWW", respectively.

Company Leadership and Objectives

Joseph Hernandez, serving as both Chairman and Chief Executive Officer of Blue Water Acquisition Corp. III, articulates a vision focused on targeting high-growth companies primarily within the domains of artificial intelligence (AI), biotechnology, and technology sectors. The company's approach aims to identify exceptional acquisition opportunities that present substantial growth potentials both in domestic and international markets.

This SPAC venture capitalizes on the growing trend of companies going public through such mechanisms, providing investors a pathway to participate in promising business ventures at an early stage. BTIG, LLC was the sole book-running manager for the offering, ensuring a streamlined process for interested investors.

Importance of the IPO

The gross proceeds from this IPO mark a significant influx of capital that Blue Water Acquisition Corp. III plans to utilize in furthering its acquisition strategy. While the precise details regarding future acquisitions have yet to be disclosed, the management's focus is clear: advancing in the rapidly evolving sectors of technology and healthcare through strategic partnerships and mergers.

Importantly, this IPO aligns with the increasing investor interest in SPACs, particularly those aiming to invest in sectors like AI, which promise high returns and innovative solutions for various industries.

The U.S. Securities and Exchange Commission (SEC) had declared the registration statements concerning the securities effective on June 9, 2025. This regulatory approval was crucial for the offering's successful execution and underscores the company's commitment to maintaining compliance with federal securities laws.

Forward-Looking Statements

This announcement includes forward-looking statements regarding Blue Water’s anticipated performance and strategy. However, potential investors should note that these statements are subject to various risks and uncertainties that could impact actual outcomes. For further details regarding these risks, interested parties can refer to the Company's registration statement filed with the SEC.

With the successful closing of this offering, Blue Water Acquisition Corp. III is poised for a transformative journey, ready to leverage its capital for impactful acquisitions in technology and beyond, setting the stage for transformative growth in the coming years.

Get Involved

As the interest in SPACs continues to grow, Blue Water Acquisition Corp. III presents an intriguing opportunity for investors seeking to enter promising sectors. To learn more about future business developments, those interested can stay updated by following the company’s announcements and activities through their official channels.