Blue Water Acquisition IV closes $130 million IPO on NYSE

Blue Water Acquisition Corp. IV (NYSE: BWIV.U) completed its initial public offering of 13 million units at $10 per unit, generating gross proceeds of $130 million. The special purpose acquisition company, led by Chairman and CEO Joseph Hernandez, issued the units including 500,000 from a partial exercise of underwriters' over-allotment option.

The Cayman Islands-based company began trading on the New York Stock Exchange on March 20, 2026. Each unit contains one Class A ordinary share and half of one redeemable warrant. Whole warrants allow holders to purchase Class A ordinary shares at $11.50 per share, subject to adjustment.

When the securities begin separate trading, the Class A ordinary shares and warrants are expected to trade under symbols "BWIV" and "BWIV.WS" respectively. BTIG, LLC served as sole book-running manager for the offering.

The SEC declared the registration statement effective on March 19, 2026. Blue Water Acquisition IV plans to focus on high-growth companies that develop and deploy AI-driven technologies for potential business combinations, though it may pursue opportunities across any industry or geographical location.

The company is structured as a blank check company formed to complete mergers, share exchanges, asset acquisitions or similar business combinations with one or more businesses. Information is based on a company press release statement.

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