Current Report Filing (8-k)
December 23 2020 - 4:22PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December
23, 2020
Blue Water Acquisition Corporation
(Exact name of registrant as specified in
its charter)
Delaware
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001-39802
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85-1231852
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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15 E. Putnam Avenue, Suite 363
Greenwich, CT 06830
(Address of principal executive offices,
including zip code)
Registrant’s telephone number, including
area code: (646) 303-0737
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form
8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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☐
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section
12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Units, each consisting of one share of Class A Common Stock and one Redeemable Warrant
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BLUWU
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The Nasdaq Stock Market LLC
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Class A Common Stock, par value $0.0001 per share
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BLUW
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The Nasdaq Stock Market LLC
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Warrants, each exercisable for one share Class A Common Stock for $11.50 per share
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BLUWW
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The Nasdaq Stock Market LLC
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Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☑
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
On December 17, 2020,
Blue Water Acquisition Corporation, a Delaware corporation (the “Company”), consummated its initial public offering
(the “IPO”) of 5,750,000 units (the “Units”), which included 750,000 Units issued pursuant
to the full exercise by the underwriters of their over-allotment option. Each Unit consists of one share of Class A common stock
of the Company, par value $0.0001 per share (“Class A Common Stock”), and one redeemable warrant of the Company
(a “Warrant”), with each Warrant entitling the holder thereof to purchase one share of Class A Common Stock
for $11.50 per share. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $57,500,000.
On December 17, 2020,
simultaneously with the consummation of the IPO, the Company completed the private sale (the “Private Placement”)
of an aggregate of 3,445,000 Warrants (the “Private Placement Warrants”) at a purchase price of $1.00 per Private
Placement Warrant, generating gross proceeds to the Company of $3,445,000. Each of the Private Placement Warrants are exercisable
to purchase one share of Class A Common Stock at a price of $11.50 per share.
A total of $58,650,000
representing the net proceeds from the sale of the Units and the Private Placement Warrants was placed in a U.S.-based trust account
at J.P. Morgan Chase Bank, N.A., maintained by Continental Stock Transfer & Trust Company, acting as trustee.
An audited balance sheet
as of December 17, 2020 reflecting receipt of the proceeds upon consummation of the IPO and the Private Placement has been issued
by the Company and is included as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following exhibits
are being filed herewith:
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
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Blue Water Acquisition Corporation
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By:
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/s/ Joseph Hernandez
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Name:
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Joseph Hernandez
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Title:
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Chief Executive Officer
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Dated: December 23, 2020
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