Blue Water Acquisition Corp III
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- Blue Water Acquisition Corp. III (Nasdaq: BLUWU) is a blank check company, or special purpose acquisition company (SPAC), whose principal business activity is to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses, with a focus on high-potential opportunities in the artificial intelligence, biotechnology, healthcare, and technology sectors; it has not commenced operations or generated revenue to date. Incorporated in 2024 and headquartered at 15 E. Putnam Avenue, Suite 363, Greenwich, Connecticut 06830, United States, the company went public through an upsized $220 million initial public offering on Nasdaq Global Market in June 2025, led by CEO Joseph Hernandez. In September 2025, Blue Water submitted a $10 billion unsolicited bid in a Delaware court-supervised auction to acquire PDV Holding Inc., parent of Citgo Petroleum Corp., which includes three U.S. refineries with over 800,000 barrels per day capacity, pipelines, terminals, blending plants, and more than 4,000 branded service stations, featuring cash or stock distributions to creditors and a $3.2 billion settlement for PDVSA 2020 bondholders; however, participation in this process was later suspended, and no business combination target has been selected as of late 2025. Most recently, on November 25, 2025, the company underwent a major sponsor change and management restructuring through a purchase agreement whereby Yorkville BW Acquisition Sponsor, LLC (the New Sponsor) acquired 6,325,000 Class B ordinary shares, 430,000 Class A ordinary shares, and 215,000 private placement warrants from the prior sponsor Blue Water Acquisition III LLC for $7.2 million, accompanied by a complete board overhaul appointing directors including Kevin McGurn, Devin Nunes, Scott Glabe, Mark Angelo (as Chairman), and Mark Hiltwein.
Blue Water Acquisition Corp. IV Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing May 11, 2026
Blue Water Acquisition (OTCMKTS:BLUWU) Shares Down 1.2% – Here’s What Happened
AQR Arbitrage LLC Makes New $15.01 Million Investment in Blue Water Acquisition Corp. III $BLUWU
Blue Water Acquisition Corp. IV, Sponsored by Serial Entrepreneur Joseph Hernandez, Files $125Million IPO Registration Statement with the U.S. Securities and Exchange Commission
Blue Water Acquisition Corp. III’s (NASDAQ:BLUWU) Lock-Up Period Will Expire on December 8th
Blue Water Moves to Secure Court Approval for $10 Billion CITGO Acquisition Plan
Blue Water Advances in CITGO Bidding Process
Blue Water Acquisition Corp. III Announces Submission of $10 Billion Bid for PDV Holding Inc., Parent of Citgo Petroleum Corp.
Blue Water Acquisition Corp. III Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing July 31, 2025
Blue Water Acquisition Corp. III Announces Closing of Upsized $253 Million Initial Public Offering
U.S. IPO Weekly Recap: IPO Calendar Slows Down With Small Listings