BLUE WATER ACQUISITION CORP. III SUSPENDS PARTICIPATION IN CITGO ACQUISITION PROCESS

Rhea-AI Summary

Blue Water Acquisition Corp. III (NASDAQ:BWAC) announced on Nov 14, 2025 that it has elected to suspend participation in the ongoing CITGO acquisition process after a comprehensive review. The company said the process provided insight into U.S. energy infrastructure but that current market and regulatory conditions do not align with its immediate objectives. Blue Water thanked its investment partner that had committed capital to the transaction and stated it remains well-capitalized and focused on advancing opportunities across multiple sectors.

Positive

• Investment partner committed capital to the proposed transaction
• Company remains well-capitalized as of Nov 14, 2025

Negative

• Suspended participation in the CITGO acquisition process on Nov 14, 2025

NEW YORK, Nov. 14, 2025 /PRNewswire/ -- Blue Water Acquisition Corp. III ("Blue Water") today announced that, after a comprehensive review, the Company has elected to suspend participation in the ongoing CITGO acquisition process.

"The CITGO process provided valuable insight into the U.S. energy infrastructure landscape," said Joseph Hernandez, Chairman and Chief Executive Officer of Blue Water Acquisition Corp. III. "After thorough evaluation, the Company determined that current market and regulatory conditions do not align with Blue Water's immediate objectives. We thank our investment partner that committed capital to the transaction and share their confidence in pursuing high-impact opportunities that deliver long-term value to shareholders."

Blue Water remains well-capitalized and focused on advancing opportunities in multiple sectors.

About Blue Water Acquisition Corp. III

Blue Water Acquisition Corp. III (NASDAQ: BWAC) is a special purpose acquisition company focused on merging with businesses that leverage artificial intelligence, data science, and advanced technologies to reshape energy, infrastructure, and industrial markets.

Forward-Looking Statements

This press release contains forward-looking statements subject to risks and uncertainties. Actual results may differ materially. Blue Water undertakes no obligation to update these statements except as required by law.

Contact:
Steph Mercier
15 E. Putnam Avenue, Suite 363
Greenwich, CT 06830
Stephaniem@bluewaterventurepartners.net 

 

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SOURCE Blue Water Acquisition Corp iii

FAQ

What did Blue Water (BWAC) announce on Nov 14, 2025 about the CITGO acquisition?

Blue Water announced it has suspended participation in the ongoing CITGO acquisition process after a comprehensive review.

Why did Blue Water Acquisition Corp. III (BWAC) suspend its participation in the CITGO process?

The company cited that current market and regulatory conditions do not align with its immediate objectives.

Does Blue Water (BWAC) still have financing committed for the CITGO deal?

The company thanked an investment partner that committed capital to the transaction, indicating committed financing.

How does the suspension affect Blue Water's (BWAC) financial position?

Blue Water stated it remains well-capitalized and will continue pursuing opportunities across multiple sectors.

Will Blue Water (BWAC) pursue other transactions after suspending CITGO participation?

The company said it remains focused on advancing opportunities in multiple sectors, but provided no specific deals or timelines.