DLA Piper advises BTIG, LLC in connection with upsized US$253 million initial public offering by Blue Water Acquisition Corp. III

DLA Piper advised BTIG, LLC as sole book-running manager in connection with an upsized US$253 million initial public offering of units by Blue Water Acquisition Corp. III, a newly organized special purpose acquisition company.

The offering was comprised of 25,300,000 units, which included 3,300,000 units issued pursuant to the full exercise by the underwriter of its over-allotment option, at an offering price of $10.00 per unit. The units are listed on the Nasdaq Global Market under the ticker symbol “BLUWU.”

“We are pleased to have collaborated with BTIG on this offering, further demonstrating our deep knowledge and capabilities in advising on SPAC transactions,” said Stephen Alicanti, the DLA Piper partner who led the deal team.

In addition to Alicanti (New York), the deal team included of counsel Christine Lehr (Raleigh) and associates Andrew Wolfe, Michael Kumar and Alexander Grynszpan (all in New York).

DLA Piper’s global capital markets team represents issuers and underwriters in registered and unregistered equity, equity-linked and debt capital markets transactions, including initial public offerings, follow-on equity offerings, equity-linked securities offerings, and offerings of investment-grade and high-yield debt securities.