Blue Water Acquisition Corp. IV’s (NYSE:BWIV – Get Free Report) lock-up period is set to end on Wednesday, September 16th. Blue Water Acquisition Corp. IV had issued 12,500,000 shares in its public offering on March 20th. The total size of the offering was $125,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.
Analysts Set New Price Targets
Separately, Weiss Ratings began coverage on Blue Water Acquisition Corp. IV in a research report on Tuesday, August 18th. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.
Check Out Our Latest Analysis on Blue Water Acquisition Corp. IV
Blue Water Acquisition Corp. IV Trading Down 0.1%
About Blue Water Acquisition Corp. IV
Blue Water Acquisition Corp IV is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
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