1. Blue Water suspends participation in CITGO acquisition process. 2. Current market conditions do not align with Blue Water's objectives. 3. Company remains well-capitalized and targets opportunities in multiple sectors. 4. Insights gained from CITGO may inform future strategies. 5. Pursuing high-impact opportunities that deliver long-term shareholder value.
Suspending acquisition has neutral immediate effects and might stabilize investor sentiment.
The announcement indicates a shift in strategy, potentially affecting short-term trading but not long-term value.
Decisions affecting short-term stock volatility; however, long-term strategic direction remains intact.
NEW YORK, Nov. 14, 2025 /PRNewswire/ -- Blue Water Acquisition Corp. III ("Blue Water") today announced that, after a comprehensive review, the Company has elected to suspend participation in the ongoing CITGO acquisition process.
"The CITGO process provided valuable insight into the U.S. energy infrastructure landscape," said Joseph Hernandez, Chairman and Chief Executive Officer of Blue Water Acquisition Corp. III. "After thorough evaluation, the Company determined that current market and regulatory conditions do not align with Blue Water's immediate objectives. We thank our investment partner that committed capital to the transaction and share their confidence in pursuing high-impact opportunities that deliver long-term value to shareholders."
Blue Water remains well-capitalized and focused on advancing opportunities in multiple sectors.
About Blue Water Acquisition Corp. III
Blue Water Acquisition Corp. III (NASDAQ:BWAC) is a special purpose acquisition company focused on merging with businesses that leverage artificial intelligence, data science, and advanced technologies to reshape energy, infrastructure, and industrial markets.
Forward-Looking Statements
This press release contains forward-looking statements subject to risks and uncertainties. Actual results may differ materially. Blue Water undertakes no obligation to update these statements except as required by law.
Contact:
Steph Mercier
15 E. Putnam Avenue, Suite 363
Greenwich, CT 06830
Stephaniem@bluewaterventurepartners.net
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SOURCE Blue Water Acquisition Corp iii