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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Sun., May. 9, 11:42 AM

Slide #89. Clarus Therapeutics Inc. Blue Water Acquisition Corp.

Acquirer: Clarus Therapeutics Inc.
Acquiree: Blue Water Acquisition Corp. (NASDAQ:BLUW)
Details: Clarus Therapeutics Inc. ("Clarus"), a pharmaceutical company dedicated to providing solutions to unmet medical needs by advancing androgen and metabolic therapies for men and women, and Blue Water Acquisition Corp. (NASDAQ: BLUW) ("Blue Water"), a special purpose acquisition company (SPAC), today announced a definitive business combination agreement that will result in Clarus becoming a publicly traded company. This transaction values Clarus at $379 million on a fully diluted basis, assuming no redemptions by Blue Water stockholders. In addition, current Clarus stakeholders will invest an additional $25 million in Clarus following the announcement of this transaction. Subject to stockholder approval and the satisfaction of customary closing conditions, the business combination transaction is expected to close in the third quarter of 2021.

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Company Name:  Blue Water Acquisition Corp
Sector:  Uncategorized

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May 9, 2021    11:42 AM Eastern
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