Blue Water Acquisition III (BLUWU) closed its expanded initial public offering, raising $253 million after selling 25.3 million units at $10 each.
The securities debuted Tuesday on Nasdaq with the symbol BLUWU.
Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, the company said Wednesday in a statement. A full warrant allows the holder to buy one share at $11.50.
Once the securities comprising the units begin separate trading, the shares will use the symbol BLUW and the warrants will have the symbol BLUWW, the blank- check company said.
Price: 10.01, Change: +0.01, Percent Change: +0.05
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