Blue Water Acquisition Corp III
BLUW
NASDAQ Global Select10.32
USD
+0.01
- -
CIK
0002050501
ISIN
KYG1368E1061
CUSIP
G1368E106
Return %
Stock
S&P500
1Y
3.41
18.21
3Y
3.41
63.29
5Y
3.41
74.90
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Kevin J. McGurn
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 15 East Putnam Avenue Mountainside NJ United States of America 06830
- IPO Date
- Feb 9, 2021
- CIK
- 0002050501
- Website
- bluewater-acquisition.com
- Similar Companies
- Business
- Blue Water Acquisition Corp. III, a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses, primarily targets high-potential companies in the biotechnology, healthcare, technology, and artificial intelligence sectors; it offers no current operational products or services beyond its SPAC structure, which provides public market access through de-SPAC transactions for private entities in these industries. Founded in 2024 and headquartered at 15 E. Putnam Avenue, Suite 363, Greenwich, Connecticut, the company operates principally in the United States with a global acquisition mandate. In June 2025, it completed an upsized $253 million initial public offering of 25.3 million units at $10 each on Nasdaq under symbols BLUW and BLUWW, fully exercising the underwriters' over-allotment option; in September 2025, it submitted a $10 billion unsolicited bid for PDV Holding Inc., parent of Citgo Petroleum Corp., including a $3.2 billion settlement for defaulted PDVSA 2020 bondholders, though a U.S. court denied its request to extend the sale hearing and it later suspended participation in the process; most recently, on November 25, 2025, it executed a sponsor change via a Purchase Agreement, transferring control to a new sponsor that acquired Class B shares and private units for $7.2 million, resulting in a complete management and board overhaul.
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