Blue Water Acquisition Corp. IV (BWIVU) consummated its Initial Public Offering (IPO) on March 23, 2026, selling 13,000,000 units at $10.00 per unit, generating gross proceeds of $130,000,000. The IPO included a partial exercise of the underwriters' over-allotment option for 500,000 units. Simultaneously, a private placement of 425,000 units was completed at $10.00 per unit, raising $4,250,000 from the Sponsor and BTIG. A total of $130,000,000 from the net proceeds of the IPO and private placement, including $4,550,000 in deferred underwriting commissions, was deposited into a trust account for public shareholders. Each unit consists of one Class A ordinary share ($0.0001 par value) and one-half of one redeemable warrant, with each whole warrant exercisable for one Class A ordinary share at $11.50. The company is a blank check company formed to effect a business combination within 21 months from the IPO closing, but has not yet identified a target or engaged in substantive discussions. The audited balance sheet as of March 23, 2026, reflects total assets of $131,276,971, including $130,000,000 in the Trust Account.