{"url_path":"/sec/bwiv/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities and Use of Proceeds.**","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/2082847/0001493152-26-023797-index.html","accession_number":"0001493152-26-023797","cik":"0002082847","ticker":"BWIV","issuer_name":"Blue Water Acquisition Corp. IV","edgar_url":"https://www.sec.gov/Archives/edgar/data/2082847/0001493152-26-023797-index.html","primary_entity_key":"0002082847","primary_entity_name":"Blue Water Acquisition Corp. IV"},"word_count":308,"has_tables":true,"body_markdown":"**Item\n2. Unregistered Sales of Equity Securities and Use of Proceeds.**\n\n \n\nOn\nMarch 23, 2026, the Company consummated the Initial Public Offering of 13,000,000 Units, which included the partial exercise by the underwriters\nof their over-allotment option in the amount of 500,000 Units, at $10.00 per Unit, generating gross proceeds of $130,000,000. The securities\nsold in the Initial Public Offering were registered under the Securities Act on registration statement on Form S-1 (No. 333-291959).\nThe SEC declared the registration statement effective on March 19, 2026.\n\n \n\nSimultaneously\nwith the closing of the Initial Public Offering, the Company consummated the sale of 425,000 Private Placement Units at a price of\n$10.00 per Private Placement Unit, in a private placement to the Sponsor and BTIG, LLC, the representative of the underwriters in\nthe Initial Public Offering, generating gross proceeds of $4,250,000. The Private Placement Units are identical to the Units sold in\nthe Initial Public Offering, except as otherwise disclosed in the registration statement for the Initial Public Offering. The\nissuance of the Private Placement Units was made pursuant to the exemption from registration contained in Section 4(a)(2) of the\nSecurities Act of 1933, as amended.\n\n \n\nTransaction\ncosts amounted to $7,665,168, consisting of $2,600,000 of cash underwriting fee, $4,550,000 of deferred underwriting fee, and $515,168\nof other offering costs.\n\n \n\nFollowing\nthe closing of the Initial Public Offering, of the net proceeds received from the consummation of the Initial Public Offering and simultaneous\nPrivate Placement, $130,000,000 ($10.00 per unit sold in the Initial Public Offering) was placed in the Trust Account.\n\n \n\nThere\nhas been no material change in the planned use of proceeds from the Initial Public Offering and private placement as is described in\nthe Company’s final prospectus for its Initial Public Offering.\n\n \n\n**Purchases\nof Equity Securities by the Issuer and Affiliated Purchasers during the Quarter Ended March 31, 2026**\n\n \n\nNone."}