BWIV sponsor buys 275,000 units and warrants
Blue Water Acquisition IV LLC, the sponsor of Blue Water Acquisition Corp. IV, reported purchasing 275,000 Class A ordinary shares and 137,500 warrants tied to those shares.
Rhea-AI Filing Summary
Blue Water Acquisition IV LLC, the sponsor of Blue Water Acquisition Corp. IV, reported purchasing 275,000 Class A ordinary shares and 137,500 warrants tied to those shares. The position reflects ownership of 275,000 private units, each consisting of one share and one-half warrant.
Each whole warrant entitles the holder to buy one Class A ordinary share at $11.50 per share, subject to adjustment. The private units were purchased at $10.00 per unit for a total of $2,750,000, giving the sponsor both equity and leveraged upside exposure through warrants.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Warrants to purchase Class A ordinary shares | 137,500 | $0.00 | $0.00 |
| Purchase | Class A ordinary shares | 275,000 | $0.00 | $0.00 |
Footnotes (2)
- F1. Reflects the 275,000 private units owned by Blue Water Acquisition IV LLC, the Issuer's sponsor. Each private unit consists of one Class A ordinary share and one-half of one warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share for $11.50 per share, subject to adjustment. The private units were purchased at $10.00 per unit for an aggregate purchase price of $2,750,000.
- F2. The warrants included in the private units will become exercisable at the later of 12 months from the closing of the Issuer's initial public offering and 30 days after the completion of its initial business combination and will expire five years after the completion of the initial business combination or earlier upon redemption or liquidation.
FAQ
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What insider transactions did Blue Water Acquisition IV LLC report for BWIV?
How many private units of BWIV does Blue Water Acquisition IV LLC own?
What is the exercise price of Blue Water Acquisition Corp. IV sponsor warrants?
When do the BWIV private placement warrants held by the sponsor become exercisable?
How much did Blue Water Acquisition IV LLC pay for its BWIV private units?
What securities are included in the BWIV sponsor’s recent Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.