Blue Water Acquisition Corp. IV completed its IPO on March 23, 2026, issuing 13,000,000 units at $10.00 per unit for $130,000,000 gross proceeds, including partial over-allotment exercise of 500,000 units.
Simultaneous private placement of 425,000 units to sponsor and underwriter generated $4,250,000.
At June 30, 2026, cash and marketable securities in the Trust Account totaled $131,244,853.
13,000,000 Class A ordinary shares remain subject to possible redemption. 4,333,334 Class B shares are outstanding after forfeiture of 458,333 shares on May 3.
No specific business combination target has been selected. The company recorded $731,247 net income for the six-month period, driven by $1,244,853 trust income offset by $619,606 operating expenses.
Transaction costs reached $7,665,168, including $4,550,000 deferred underwriting fee. Promissory note to sponsor stood at $82,115.
Pulse Impact
- Previous Pulse: 51
- New Pulse: 50
- Change: –1
- Driver: 10-Q read as a slower or weaker beat, so Pulse fell.
Blue Water Acquisition Corp. IV Form 10-Q (2026-08-14)
Not investment advice. Facts taken from the company’s Form 10-Q.