Blue Water Acquisition Corp. IV (BWIV) SEC Filings

Blue Water Acquisition Corp. IV (BWIV) reported that, on August 12, 2026, Blue Water Acquisition IV LLC, the sole holder of the company’s Class B ordinary shares, appointed Nadab ("Niddy") Akhtar to the board of directors as a Class I director, effective immediately. The board determined that he qualifies as an independent director and named him to the audit, compensation, and nominating and corporate governance committees. Akhtar is Founder and Managing Partner of Excite Capital, Co‑Founder and CEO of Project LightShift, and a Co‑Founder of CrowdPoint Technologies, Inc., with over 15 years of entrepreneurial and investment banking experience. The company states there are no family relationships or appointment arrangements with other persons. In connection with his appointment, Akhtar joined existing letter and registration rights agreements dated March 19, 2026, and entered into an indemnity agreement, each described as substantially similar to those of current officers and directors.

Blue Water Acquisition Corp. IV is a Cayman Islands special purpose acquisition company formed to complete a Business Combination and has not begun operating activities beyond its IPO-related work. On March 23, 2026 it completed an IPO of 13,000,000 units at $10.00 each, plus a private placement of 425,000 units at $10.00, and placed $130,000,000 into a Trust Account. As of June 30, 2026, total assets were $131,866,221, including $131,244,853 held in the Trust Account, and 13,000,000 Class A shares were classified as subject to possible redemption at that amount.

For the quarter ended June 30, 2026, the company reported net income of $842,829, and $731,247 for the six-month period, driven primarily by interest income on Trust assets. It had no cash outside the Trust Account and a working capital deficit, and management disclosed substantial doubt about its ability to continue as a going concern over one year absent a Business Combination or additional financing.

Blue Water Acquisition Corp. IV, a newly formed SPAC, completed its initial public offering on March 23, 2026, selling 13,000,000 units at $10.00 each and placing $130,000,000 into a Trust Account. As of March 31, 2026, total assets were $131,358,102, almost entirely in the Trust and amounts due from the sponsor. The quarter showed a net loss of $111,582, driven by $263,224 of operating expenses, partially offset by trust income and a gain on the over-allotment option. The company has no cash outside the Trust and a working capital deficit of $866,374, and its auditors highlight substantial doubt about its ability to continue as a going concern without additional support while it searches for a business combination.

Blue Water Acquisition Corp. IV disclosed that Laurent Hermouet has resigned from its Board of Directors, including all committee memberships, effective May 9, 2026. The company states that his resignation did not result from any disagreement over operations, policies, or practices. The Board is actively searching for a replacement director.

Blue Water Acquisition Corp. IV Schedule 13G filing states that Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC and David J. Snyderman report shared beneficial ownership of 950,000 Class A ordinary shares, representing approximately 7.07% of outstanding shares. The filing attributes the shares to multiple Magnetar funds and lists a per‑fund breakdown. The filing cites an outstanding share base of 13,425,000 (per an issuer Form 8‑K). The Reporting Persons file jointly and disclose shared voting and dispositive power over the reported position.

Adage Capital Management and affiliated principals report beneficial ownership of 1,125,000 Class A ordinary shares (8.38%) of Blue Water Acquisition Corp. IV.

The percentage is calculated using 13,425,000 Class A Ordinary Shares outstanding as of March 23, 2026, cited from Exhibit 99.1 to the company Form 8-K. The filing discloses shared voting and dispositive power and is signed by the reporting persons on May 13, 2026.

Blue Water Acquisition Corp. IV is allowing investors to trade its securities separately rather than only as bundled units. Starting on or about May 11, 2026, holders of units from its initial public offering can elect to split them into individual Class A ordinary shares and warrants.

Units will continue to trade on the NYSE under the symbol BWIV.U, while separated Class A ordinary shares will trade as BWIV and whole warrants as BWIV.WS. No fractional warrants will be issued, so only whole warrants will trade. Holders must instruct their brokers to contact the transfer agent, Continental Stock Transfer & Trust Company, to process the separation.

Blue Water Acquisition Corp. IV has signed a non-binding letter of intent to acquire substantially all subsidiaries of Maha Capital AB, combining Venezuelan energy exposure with a high-growth AI fintech platform into a new NYSE-listed company.

The deal is expected to use a reference valuation based on Maha’s approximate $490 million equity market capitalization, derived from a 14-day volume-weighted average share price of SEK 12.84 and 351,991,889 outstanding shares as of April 27, 2026. After closing, management plans to spin out the fintech operations into a separate public company within roughly thirty to ninety days. Completion depends on due diligence, definitive agreements, shareholder approvals and regulatory clearances, including operation of Venezuelan energy assets under OFAC authorizations such as General License 52.

Blue Water Acquisition IV LLC and Joseph Hernandez report beneficial ownership of 5,066,667 Ordinary Shares. This consists of 275,000 Class A Ordinary Shares and 4,791,667 Class B Ordinary Shares (convertible one‑for‑one into Class A upon a business combination). The reported position represents 27.8% of 18,216,667 Ordinary Shares outstanding as of March 23, 2026. Joseph Hernandez is the sole managing member of the Sponsor and disclaims beneficial ownership of the Sponsor‑held securities except for any pecuniary interest.