Blue Water Acquisition Corp. IV Announces Closing of $130 Million Initial Public Offering

GREENWICH, Conn., March 23, 2026 /PRNewswire/ -- Blue Water Acquisition Corp. IV (the "Company") (NYSE: BWIV.U), a newly organized special purpose acquisition company formed as a Cayman Islands exempted company and led by Chairman and Chief Executive Officer Joseph Hernandez, today announced the closing of its initial public offering of 13,000,000 units, which includes 500,000 units issued pursuant to the partial exercise by the underwriters of their over-allotment option, at an offering price of $10.00 per unit, resulting in gross proceeds of $130,000,000.

The Company's units began trading on New York Stock Exchange ("NYSE") under the ticker symbol "BWIV.U" on March 20, 2026. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the Class A ordinary shares and the warrants are expected to be traded on NYSE under the symbols "BWIV" and "BWIV.WS", respectively.

BTIG, LLC acted as sole book-running manager for the offering.

Blue Water Acquisition Corp. IV is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses. While the Company may pursue an acquisition opportunity in any business, industry, sector or geographical location, the Company intends to focus on high-growth companies that generate transformative value through the development and deployment of AI-driven technologies.

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SOURCE Blue Water Acquisition Corp. IV