Bluewater Acquisition Corp. ("Bluewater") (TSXV: BAQ.P) and AlphaDelta Management Corp. ("ADM") jointly announce that they terminated their letter of intent dated April 20, 2021 which they previously announced on April 20, 2021.

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Further Information

For further information about Bluewater, please contact:

Michail SapountzoglouPresident, CEO, and CFO306945226000

For further information about ADM, please contact:

Victor TherrienCEO7789876417Victortherrien (WhatsApp)