Lineage Point Capital LP bought a new position in shares of Blue Water Acquisition Corp. III (NASDAQ:BLUWU – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 119,318 shares of the company’s stock, valued at approximately $1,250,000.
Several other large investors have also recently bought and sold shares of BLUWU. Clear Street Group Inc. raised its stake in shares of Blue Water Acquisition Corp. III by 151.3% during the 4th quarter. Clear Street Group Inc. now owns 259,755 shares of the company’s stock worth $2,740,000 after purchasing an additional 156,372 shares in the last quarter. Shaolin Capital Management LLC bought a new position in shares of Blue Water Acquisition Corp. III in the second quarter valued at $9,084,000. Hudson Bay Capital Management LP bought a new position in shares of Blue Water Acquisition Corp. III in the second quarter valued at $6,503,000. Radcliffe Capital Management L.P. acquired a new position in Blue Water Acquisition Corp. III during the second quarter worth $5,005,000. Finally, Moore Capital Management LP bought a new stake in Blue Water Acquisition Corp. III during the second quarter worth $4,502,000.
Blue Water Acquisition Corp. III Trading Up 4.8%
Shares of BLUWU stock opened at $11.01 on Friday. The company has a fifty day moving average price of $10.55 and a two-hundred day moving average price of $10.55. Blue Water Acquisition Corp. III has a one year low of $10.00 and a one year high of $12.85.
Blue Water Acquisition Corp. III Profile
Blue Water Acquisition Corp. III is a special purpose acquisition company (SPAC) incorporated in Delaware in March 2021 and listed on the Nasdaq under the ticker symbol BLUWU. As a blank‐check company, its primary objective is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.
The company is sponsored by affiliates of Blue Water Acquisition Holdings III LLC and seeks to leverage its management team’s experience to target opportunities in sectors such as financial technology, consumer products and services, and business services.
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