Blue Water Closes $57.5M IPO

Blue Water Acquisition announced that it closed its IPO of 5,750,000 units, which includes 750,000 units issued pursuant to the full exercise by the underwriter of their over-allotment option. The offering was priced at $10 per unit, resulting in gross proceeds of $57.5 million.

Units trade on the Nasdaq under “BLUWU”.

The SPAC is focused on the healthcare sector in the United States and Europe. Read more.

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