Blue Water Files Investor Presentation on $379M Clarus Deal

Blue Water Acquisition

Bluye Water Acquisition in an 8-K filing included a slide deck highlighting its proposed merger with Clarus Therapeutics.

The agreement values Clarus at $379 million on a fully diluted basis, assuming no redemptions by Blue Water stockholders. Current Clarus stakeholders will invest an additional $25 million in the therapeutics company.

Pending shareholder approval, the deal is expected to close in the third quarter. Read more.

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