Welcome to our dedicated page for Blue Water Acqsn news (Ticker: BLUWU), a resource for investors and traders seeking the latest updates and insights on Blue Water Acqsn stock.
Blue Water Acquisition Corp. III Unit (Nasdaq: BLUWU) is tied to Blue Water Acquisition Corp. III, a special purpose acquisition company (SPAC) in the Financial Services sector. The company describes itself as a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Its public communications state that it intends to focus on high-potential companies in artificial intelligence (AI), biotechnology, healthcare and technology, while retaining flexibility to pursue opportunities in other areas.
The news flow around BLUWU and Blue Water Acquisition Corp. III includes capital markets milestones and transaction-related developments. Company announcements describe the upsized pricing and closing of its initial public offering of units on The Nasdaq Global Market, as well as the subsequent eligibility of the underlying Class A ordinary shares and redeemable warrants to trade separately under the symbols BLUW and BLUWW. These updates provide context on how the BLUWU units trade and how investors can access the separate components over time.
Other news releases reference activities of Blue Water Venture Partners, LLC, an entity affiliated with the Chairman and Chief Executive Officer of Blue Water Acquisition Corp. III, including bids related to PDV Holding Inc. and CITGO Petroleum Corp. In these communications, Blue Water Acquisition Corp. III is described as a SPAC formed to identify and complete a business combination with high-potential companies across diverse sectors.
On this news page, readers can review company-issued press releases and related coverage that discuss the BLUWU units, the structure of the underlying securities, and the company’s stated focus for future business combinations. For investors and observers following SPAC activity in AI, biotechnology, healthcare and technology, this news stream offers insight into how Blue Water Acquisition Corp. III is positioning itself in the market and how its unit structure evolves as trading progresses.
Blue Water Acquisition Corp. IV (NYSE:BLUWU) filed a Form S-1 with the U.S. Securities and Exchange Commission on December 5, 2025 for a proposed $125 million initial public offering.
The newly formed special purpose acquisition company is sponsored by Joseph Hernandez, intends to target high-potential companies in biotechnology, healthcare and technology sectors, and named BTIG as sole book-running manager.
The registration statement has been filed but is not yet effective; securities may not be sold or offers accepted until effectiveness, and this release is not an offer to sell or solicit offers to buy.
Blue Water Venture Partners (NASDAQ:BLUWU) has filed a motion seeking court approval for its $10 billion acquisition bid for CITGO Petroleum Corporation. The request, filed on September 12, 2025, in the Delaware District Court, represents the highest offer received to date, surpassing competing bids from Amber Energy and Gold Reserve.
The proposed transaction includes key features such as flexible payment options for creditors, offering either immediate cash at closing or equity in a U.S.-listed NASDAQ company. The deal includes a dedicated bondholders settlement fund for PDVSA-2020 claims and aims to provide enhanced liquidity through a public market equity structure.
Blue Water Venture Partners (NASDAQ:BLUWU) has advanced in the CITGO bidding process after receiving court approval to access the confidential data room. The company has submitted a $10 billion bid to acquire CITGO, surpassing existing offers.
The proposal includes plans to transform CITGO into a publicly traded U.S. company, offering bondholders and creditors the opportunity to convert their holdings into equity shares. Blue Water's strategy emphasizes maintaining U.S. energy security, preventing control by private hedge funds or foreign entities, and ensuring uninterrupted energy supply to U.S. markets, particularly in the Midwest region.
Blue Water Acquisition Corp III (NASDAQ:BLUWU) has received court approval to enter the CITGO sale process data room. The company's affiliated entity, Blue Water Venture Partners, has submitted a $10 billion bid for CITGO, surpassing existing offers.
The proposal includes plans to transform CITGO into a publicly traded U.S. company, offering bondholders and creditors the opportunity to convert their holdings into equity shares. The bid emphasizes maintaining U.S. energy security by preventing control by private hedge funds or foreign entities while ensuring uninterrupted energy supply to U.S. markets, particularly in the Midwest region.
Blue Water Acquisition Corp. III (Nasdaq: BLUWU) has submitted a $10 billion bid to acquire PDV Holding Inc., the parent company of Citgo Petroleum Corp., through a Delaware court-supervised auction. The proposal includes a $3.2 billion settlement for PDVSA 2020 bondholders, payable in cash or shares.
The acquisition would encompass three major U.S. refineries with over 800,000 barrels per day capacity, midstream infrastructure, and a network of 4,000+ branded service stations. If successful, the deal would return Citgo to U.S. ownership as a publicly-listed company, marking a significant shift from its current Venezuelan state ownership structure.
Blue Water Acquisition Corp. III (Nasdaq: BLUWU) announced that starting July 31, 2025, holders of units from its IPO can separately trade Class A ordinary shares and warrants. The separated securities will trade on Nasdaq under symbols "BLUW" (shares) and "BLUWW" (warrants), while unseparated units will continue trading as "BLUWU".
Unit holders must contact Continental Stock Transfer & Trust Company through their brokers to separate units. The securities offering was conducted through BTIG, LLC, with an effective S-1 registration statement dated June 9, 2025.
Blue Water Acquisition Corp. (Nasdaq: BLUW) announced that its stockholders approved the Business Combination with Clarus Therapeutics, Inc. on August 27, 2021. Approximately 73.95% of shares were voted, with 69.57% in favor of the merger. Following the transaction, Blue Water will rebrand as Clarus Therapeutics Holdings, Inc., with new ticker symbols CRXT and CRXTW. Approximately $25.29 million will remain in the trust account post-redemptions. A detailed voting report will be filed with the SEC.
Blue Water Acquisition Corp. (BLUW) announced the postponement of its Special Meeting of Stockholders from August 12 to August 27, 2021. The meeting will take place at 10:00 a.m. ET via a live audio webcast. The deadline for stockholders to exercise redemption rights has been extended to August 25, 2021, at 5:00 p.m. ET. This meeting is related to the proposed business combination with Clarus Therapeutics, as outlined in the merger agreement dated April 27, 2021. Stockholders are urged to review the definitive proxy statement and other relevant documents available through the SEC.
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