Blue Water Acquisition Corp. IV closes $130M IPO, deposits proceeds in trust

Blue Water Acquisition Corp. IV

IPO of 13,000,000 units at $10.00/unit (including 500K over-allotment) raised gross $130M.
Simultaneous private placement of 425,000 units to sponsor and BTIG raised $4.25M.
Net proceeds of $130M placed in trust as of March 23, 2026; includes $4.55M deferred underwriting.
Working capital of ~$849K; audit report includes going-concern explanatory paragraph.
Company has 21 months to complete initial business combination; no target selected yet.

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