Thursday, September 9, 2021

Equity Corporate Actions Alert #2021 - 196
Information Regarding the Business Combination of Blue Water Acquisition Corp. (BLUW/U/W) and Clarus Therapeutics Inc.

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The business combination of Blue Water Acquisition Corp. (BLUW/U/W) and Clarus Therapeutics Inc. was completed today, Thursday, September 9, 2021. Following the completion of the business combination, the company's Common Stock (BLUW) and Warrants (BLUWW) will undergo name, symbol, and CUSIP number changes and the company's Units (BLUWU) will be suspended from trading. In conjunction with the effectiveness of the business combination, the new entities will trade on the Nasdaq Global Market. These actions will become effective on Friday, September 10, 2021.

The details of the name, symbol, & CUSIP changes are follows:

Current Company Name & Issue Type: Blue Water Acquisition Corp. Class A Common Stock
New Company Name & Issue Type: Clarus Therapeutics Holdings, Inc. Common Stock
Current CUSIP: 09607T104
New CUSIP: 18271L107
Current Symbol: BLUW
New Symbol: CRXT
Marketplace Effective Date: Friday, September 10, 2021

Current Company Name & Issue Type: Blue Water Acquisition Corp. Warrant
New Company Name & Issue Type: Clarus Therapeutics Holdings, Inc. Warrant expiring 9/9/2026
Current CUSIP: 09607T112
New CUSIP: 18271L115
Current Symbol: BLUWW
New Symbol: CRXTW
Marketplace Effective Date: Friday, September 10, 2021

If you would like to register as a market maker in CRXT or CRXTW, contact Nasdaq Trading Services at +1 212 231 5100.



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