Blue Water Acquisition Corp. III (NASDAQ:BLUWW) Trading 2% Higher – Here’s What Happened

Blue Water Acquisition Corp. III (NASDAQ:BLUWW) shares were up 2% during mid-day trading on Thursday . The company traded as high as $0.5299 and last traded at $0.51. Approximately 58,995 shares were traded during trading, an increase of 750% from the average daily volume of 6,937 shares. The stock had previously closed at $0.50.

Blue Water Acquisition Corp. III Trading Up 2.0%

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.