Maha Capital, Blue Water Acquisition IV terminate LOI for proposed de-SPAC merger

Blue Water Acquisition Corp. IV Class A

Blue Water Acquisition Corp. IV Class A

BWIV

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  • Maha Capital, Blue Water Acquisition Corp. IV mutually terminated a non-binding letter of intent for a proposed business combination.
  • Talks had centered on BWIV acquiring Maha subsidiaries and related assets to create a New York Stock Exchange-listed combined company.
  • Maha kept strategic plans for access to U.S. capital markets, including evaluating a potential separation and listing of its oil and gas business.


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