Another Quantum DeSPAC as DMY becomes Horizon Quantum. Inflection Point III Increases PIPE. UY Scuti Moves Vote Again. Blue Water IV IPOs for $125 Million.
SPAC IPO UPDATE
SPAC IPO Count
SPAC IPO:Blue Water Acquisition Corp. IV (BWIV)
Ticker: BWIV (Units: BWIVU)
Size: $125 Million
Sponsor: Blue Water Acquisition IV LLC (Blue Water Venture Partners)
Blue Water Acquisition Corp. IV priced its $125 million initial public offering on March 19, 2026, and begins trading on the NYSE today. This marks the fourth blank-check vehicle from Joseph Hernandez and the Blue Water Venture Partners team, following a consistent playbook of healthcare-centric deal-making. The sponsor has maintained a steady cadence in the space, notably taking Blue Water Vaccines public in 2022 and previously merging Blue Water Acquisition Corp. I with Clarus Therapeutics.
Strategy: The SPAC is zeroing in on high-potential targets within the biotechnology, healthcare, and technology sectors. Specific focus areas include drug discovery, medical devices, telemedicine, and the integration of AI and machine learning in pharmaceutical services. The management team intends to leverage its deep scientific and operational background to identify companies at the inflection point of commercialization.
Leadership Team:
- Joseph Hernandez (Chairman & CEO): A serial entrepreneur and founder of Blue Water Venture Partners. He has a track record of scaling life sciences companies and led the previous three Blue Water SPAC iterations.
- Jon Garfield (CFO): A veteran financial executive with extensive experience in the healthcare sector, having served in leadership roles across multiple Blue Water vehicles.
Structure: 12.5 million units at $10.00. Each unit consists of one Class A ordinary share and one-half (1/2) of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share at $11.50. BTIG, LLC acted as the sole book-running manager for the offering.
| Date | Ticker | Issuer | IPO Size |
|---|---|---|---|
| Mar 20 | BWIV | Blue Water Acquisition Corp. IV | $125M |
| Mar 19 | BHAV | BHAV Acquisition Corp | $100M |
| Mar 13 | PONO | PONO CAPITAL FOUR INC | $120M |
| Mar 12 | MTAL | METALS ACQUISITION CORP II | $200M $30M overallotment |
| Mar 11 | SUMA | SUMA ACQUISITION CORP | $150M $23M overallotment |
DAILY SPAC UPDATE
SPAC VOTE RESULTS
ROSS – ROSS ACQUISITION CORP II * Extend to Sep 16, 2026 * 45,195 redeemed * $545,454 removed * trust $12.07
DeSPAC: Mar 20: DMYY DeSPAC to Horizon Quantum (HQ)
Horizon Quantum is developing a hardware-agnostic software platform that bridges the gaps between quantum hardware and applications. This platform makes quantum computing accessible to virtually any software developer, by removing the need for deep quantum expertise to develop applications and unleashing quantum’s potential. Horizon Quantum was founded by Dr. Joe Fitzsimons in 2018, a former professor with two decades of experience in quantum computing and computational complexity theory. Horizon Quantum’s leadership team also includes Dr. Si-Hui Tan, Chief Science Officer, who holds a Ph.D. in Physics from MIT and has been actively involved in quantum research for the same period.
OTHER SPAC NEWS
BACC – BLUE ACQUISITION CORP * Merger Agreement Amendment
IPCX – INFLECTION POINT ACQUISITION CORP III * PIPE Update
UYSC – UY SCUTI ACQUISITION CORP * Vote Adjourned
SEPARATE WARRANTS/RIGHTS
Mar 27: ARMADA ACQUISITION CORP III (AACI)
Mar 23: NEWBRIDGE ACQUISITION LTD (NBRG)
Mar 20: SPACE ASSET ACQUISITION CORP (SAAQ)
Mar 20: KRAKACQUISITION CORP (KRAQ)
Mar 19: GIGCAPITAL9 CORP (GIX)
Mar 19: MOUNTAIN LAKE ACQUISITION CORP II (MLAA)
Mar 18: XSOLLA SPAC 1 (XSLL)
SPAC DEAL TERMINATIONS (Last 10 Days)
2026-03-17: QSEA + Zhejiang Gaokai New Materials Co
SPAC MOVERS
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| RISING DRAGON ACQUISITION CORP | RDAC | 6.1% | $ 5.60 | Announced |
| ASPAC III ACQUISITION CORP | ASPC | 0.8% | $ 11.00 | Announced |
| DT CLOUD STAR ACQUISITION CORP | DTSQ | 0.8% | $ 11.10 | Announced |
| CHURCHILL CAPITAL CORP XI | CCXI | 0.6% | $ 10.17 | Pre-Deal |
| M3-BRIGADE ACQUISITION V CORP | MBAV | 0.6% | $ 10.72 | Announced |
| Company | Ticker | Change | Price | Stage |
|---|---|---|---|---|
| CRANE HARBOR ACQUISITION CORP | CHAC | -8.2% | $ 7.50 | Announced |
| VOYAGER ACQUISITION CORP | VACH | -7.0% | $ 11.61 | Announced |
| AIMEI HEALTH TECHNOLOGY CO LTD | AFJK | -6.7% | $ 26.30 | Announced |
| HORIZON SPACE ACQUISITION II CORP | HSPT | -4.2% | $ 8.05 | Announced |
| TRAILBLAZER MERGER CORP I | TBMC | -2.6% | $ 10.50 | Announced |