One Equity Partners Open Water I Corp. was a special purpose acquisition company, established with the goal of pursuing a merger, capital stock exchange, asset acquisition, or similar business combination with an operating entity. Launched in 2020 and headquartered in New York, New York, the firm did not engage in active commercial operations of its own. After its initial public offering in January 2021, the company conducted a diligent search for suitable acquisition targets. However, facing challenging market conditions and a scarcity of viable private businesses interested in a SPAC transaction, its management ultimately sought early dissolution. Shareholders formally approved the company's early termination in December 2022, leading to the redemption of outstanding public shares and the cessation of trading on Nasdaq.