Blue Water Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing February 9, 2021
Blue Water Acquisition Corp. announced that starting February 9, 2021, holders of the units from its initial public offering can separately trade shares of its Class A common stock and warrants. Shares will trade under the symbols BLUW and BLUWW on the Nasdaq, while unseparated units will continue under BLUWU. The offering was underwritten by Maxim Group LLC, and the public offering was made through a prospectus. Blue Water Acquisition Corp. aims to pursue business combinations, particularly in the healthcare sector.
- Separation of Class A common stock and warrants may enhance liquidity.
- Strategic focus on healthcare industry targets could lead to growth.
- None.
Greenwich, Conn., Feb. 08, 2021 (GLOBE NEWSWIRE) -- Blue Water Acquisition Corp. (the “Company”) announced that, commencing February 9, 2021, holders of the units sold in the Company’s initial public offering may elect to separately trade shares of the Company’s Class A common stock (“Class A Common Stock”) and warrants included in the units. Class A Common Stock and warrants that are separated will trade on the Nasdaq Capital Market (“Nasdaq”) under the symbols “BLUW” and “BLUWW,” respectively. Those units not separated will continue to trade on Nasdaq under the symbol “BLUWU.”
The units were initially offered by the Company in an underwritten offering. Maxim Group LLC acted as sole book-running manager for the offering.
The public offering was made only by means of a prospectus, copies of which may be obtained from Maxim Group LLC, 405 Lexington Ave Second Floor, New York, NY 10174 at 212-895-3745.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Blue Water Acquisition Corp.
Blue Water Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue targets in any industry, it intends to focus its search in the healthcare industry.
Forward-Looking Statements
This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to the Company or its management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to the Company or persons acting on its behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact:
Russo Partners
David Schull
(858) 717-2310
david.schull@russopartnersllc.com
Ignacio Guerrero-Ros, Ph.D.
(646) 942-5604
Ignacio.Guerrero-Ros@russopartnersllc.com
FAQ
What does the trading change mean for Blue Water Acquisition Corp. stock?
What are the stock symbols for Blue Water Acquisition Corp. after the offering?
What is the purpose of Blue Water Acquisition Corp.'s formation?
Who managed the underwritten offering for Blue Water Acquisition Corp.?
When did Blue Water Acquisition Corp. begin trading its Class A common stock separately?
