 NEW YORK, May 4, 2021 PRNewswire -- Juan Monteverde , founder and managing partner at Monteverde Associates PC, a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Blue Water Acquisition Corp. BLUW or the Company BLUW relating to its proposed merger with Clarus Therapeutics, Inc. Under the terms of the agreement, BLUW will acquire Clarus through a reverse merger, with Clarus emerging as a publicly traded company. The investigation focuses on whether Blue Water Acquisition Corp. and its Board of Directors violated securities laws andor breached their fiduciary duties to the Company by 1 failing to conduct a fair process, and 2 whether the transaction is properly valued. 