Lineage Point Capital LP purchased a new stake in Blue Water Acquisition Corp. III (NASDAQ:BLUWU – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 119,318 shares of the company’s stock, valued at approximately $1,250,000.
Several other large investors also recently made changes to their positions in the stock. Anson Funds Management LP bought a new stake in Blue Water Acquisition Corp. III in the 4th quarter valued at $1,055,000. Clear Street Group Inc. lifted its holdings in shares of Blue Water Acquisition Corp. III by 151.3% in the fourth quarter. Clear Street Group Inc. now owns 259,755 shares of the company’s stock valued at $2,740,000 after purchasing an additional 156,372 shares in the last quarter. Susquehanna International Group LLP acquired a new position in shares of Blue Water Acquisition Corp. III during the third quarter worth about $158,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Blue Water Acquisition Corp. III during the third quarter worth about $100,000. Finally, Radcliffe Capital Management L.P. acquired a new stake in Blue Water Acquisition Corp. III in the 2nd quarter valued at approximately $5,005,000.
Blue Water Acquisition Corp. III Stock Up 4.8%
NASDAQ:BLUWU opened at $11.01 on Friday. Blue Water Acquisition Corp. III has a twelve month low of $10.00 and a twelve month high of $12.85. The business has a 50 day moving average price of $10.55 and a two-hundred day moving average price of $10.55.
About Blue Water Acquisition Corp. III
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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