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PRNewsWire
4 months ago
Blue Water Acquisition Corp. III Announces Closing of Upsized $253 Million Initial Public Offering
GREENWICH, Conn. , June 11, 2025 /PRNewswire/ -- Blue Water Acquisition Corp. III (the "Company") (Nasdaq: BLUWU), a newly organized special purpose acquisition company formed as a Cayman Islands exempted company and led by Chairman and Chief Executive Officer Joseph Hernandez, today announced the closing of its upsized initial public offering of 25,300,000 units, which includes 3,300,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option, at an offering price of $10.00 per unit, resulting in gross proceeds of $253,000,000.