Shares of Blue Water Acquisition Corp. III (NASDAQ:BLUWW – Get Free Report) fell 4.2% during trading on Monday . The company traded as low as $0.3150 and last traded at $0.3450. 1,500 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 9,550 shares. The stock had previously closed at $0.36.
Blue Water Acquisition Corp. III Trading Down 13.2%
The firm has a 50 day moving average price of $0.41.
Blue Water Acquisition Corp. III Company Profile
Blue Water Acquisition Corp. III is a special purpose acquisition company (SPAC) organized to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company is publicly listed on the Nasdaq exchange under the symbol BLUWW. As a blank-check vehicle, it does not operate an ongoing commercial business of its own but raises capital in public markets to pursue acquisition opportunities.
Like most SPACs, Blue Water Acquisition Corp.
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