Blue Water Acquisition Corp. IV (BWIV)

Blue Water Acquisition Corp. IV is a special purpose acquisition company, or blank-check company, based in Greenwich, Connecticut. It was formed to raise capital through an initial public offering, completed in March 2026, and then merge with or acquire an operating business.

The company has stated that it intends to focus on healthcare, biotechnology and technology businesses, with areas of interest including pharmaceuticals, medical devices, telemedicine, artificial intelligence and cloud computing. It is led by Joseph Hernandez, founder of the investment firm Blue Water Venture Partners, whose team previously sponsored earlier Blue Water SPACs, including one that merged with Clarus Therapeutics. Until it completes a business combination, the company has no operations and holds the proceeds of its offering in trust.