Blue Water Acquisition III LLC

2 deals · 0 closed · 0 liquidated · 2 in flight

Blue Water Acquisition III LLC is a SPAC sponsor that entered the market in 2025, associated with two blank-check vehicles since its formation. Neither deal has closed as a completed business combination, nor has either been wound down through liquidation, leaving both sponsored vehicles in an active or pending state as of May 2026. The "III" designation in the sponsor's name suggests a multi-generation SPAC program operating under the Blue Water brand. The sponsor has not publicly committed to a specific target sector, consistent with the broad-mandate approach common among emerging SPAC sponsors. For full filing histories, deal timelines, and sponsor-level analytics on Blue Water Acquisition III LLC, sign up for complete data access at SpacDesk.

Hot Seat Score

—Insufficient history

Close rate

—

Median speed

—

Blended redemption

—

Total votes / extensions

0 / 0

Composite score combining historical close rate, median speed to deal close, and blended redemption discipline across all SPACs this sponsor has run. Higher score = institutional reputation worth retaining. Updates as new vote / closing data lands.

Win Rate (settled)

—

Total IPO Capital

$382.3M

Avg Extensions / Deal

0.0

Canonical

blue water acquisition

Promote Economics (2 SPACs with data)

Avg Promote %

22.5%

Principals (6)

Joseph HernandezChief Executive Officer

Martha F. RossChief Financial Officer

Timothy N. CoulsonDirector

Trevor L. HawkinsDirector

Laurent D. HermouetDirector

Ish S. DugalDirector Nominee

SPACs sponsored

Symbol	Issuer	IPO	IPO Size	Status	Target	Outcome	Extensions
BLUWW	Blue Water Acquisition Corp. III	2025-06-11	$253.0M	Liquidated	—	liq 2025-11-28	0
BWIV-UN	Blue Water Acquisition Corp. IV	2026-03-20	$129.3M	Combo Announced	Maha Capital AB	announced 2026-04-28	0