Blue Water Acquisition Corp. III (BLUW)

Blue Water Acquisition Corp. III is a special purpose acquisition company, or blank-check company, formed to complete a merger or similar business combination with one or more operating businesses. It has no significant operations of its own.

The company has indicated interest in targets in technology-driven fields, including artificial intelligence, biotechnology and healthcare. It was incorporated in 2024, completed its initial public offering on Nasdaq in 2025 and is based in Mountainside, New Jersey.

As is typical for a SPAC, the proceeds of its initial public offering are held in a trust account until a business combination is completed. Public shareholders may redeem their shares for a pro rata portion of the trust in connection with a proposed deal, and if no combination is completed within the allotted time, the trust is liquidated and the funds are returned to shareholders.