Welcome to our dedicated page for Blue World Acquisition Corporation news (Ticker: BWAQ), a resource for investors and traders seeking the latest updates and insights on Blue World Acquisition Corporation stock.
Blue World Acquisition Corporation Class A Ordinary Shares (BWAQ) is a newly organized blank check company. The company was established with the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. As a blank check company, Blue World Acquisition Corporation has not yet identified any specific business targets; rather, it is open to opportunities across various sectors and industries, providing flexibility and a broad scope for potential investments.
Recently, the company announced its intention to extend the period to consummate a business combination by one month, from September 2, 2023, to October 2, 2023. This extension underscores the company's commitment to finding the right business combination that will create value for its shareholders.
Led by Chairman and CEO, Liang (Simon) Shi, and supported by Investor Relations Associate, Jingwen Zhu, Blue World Acquisition Corporation is actively seeking opportunities that align with its strategic vision. The team brings a wealth of experience and expertise, which positions the company well to identify and secure promising business combinations.
The company is headquartered in New York and maintains open lines of communication with its investors and stakeholders. For more information or inquiries, shareholders and potential investors can contact Liang (Simon) Shi via email at liang.shi@zeninpartners.com or by phone at (646) 998-9582. For investor relations, Jingwen Zhu can be reached at jingwenzhu@zeninpartners.com or by phone at 86 13671834329.
TOYO Co., , a solar solution company, has completed its business combination with Blue World Acquisition , leading to its debut on Nasdaq under the ticker 'TOYO' on July 2, 2024. The business combination merges Vietnam Sunergy Cell Company, a subsidiary of TOYO, with Blue World. The deal was approved by Blue World's shareholders on May 28, 2024, and all closing conditions have been met. As a result, TOYO's ordinary shares will trade on Nasdaq, while its warrants will trade on OTC Markets. This strategic move aims to enhance TOYO's global reach, especially in the U.S. market, by leveraging the Nasdaq listing to strengthen its brand and access broader capital. The merger was supported by Cooley LLP, Robinson & Cole LLP, and Beyond Capital as advisors.
TOYO Co., , a solar solutions company, has successfully completed its business combination with Blue World Acquisition The company's ordinary shares will start trading on Nasdaq under the ticker symbol 'TOYO' beginning July 2, 2024, while its warrants will trade on the OTC Markets. The business combination was approved by Blue World's shareholders on May 28, 2024, and all closing conditions have been met. The formal results of the vote are available on the SEC's website. TOYO aims to leverage its Nasdaq listing to boost its global presence and capitalize on the growing demand for renewable energy solutions.
Blue World Acquisition (NASDAQ: BWAQ) has announced that May 23, 2024, is the deadline for shareholders to submit redemption requests for the upcoming Extraordinary General Meeting scheduled on May 28, 2024. The meeting aims to approve the proposed business combination with TOYO Solar, a Vietnamese company. The redemption deadline is set two business days before the meeting due to a federal holiday on May 27, 2024. There are no changes to the location, record date, or other proposals for the meeting. Shareholders with questions can contact Continental Stock Transfer & Trust Company or Blue World's proxy solicitor, Advantage Proxy, Inc.
Blue World Acquisition has extended the deadline for its initial business combination from May 2 to June 2, 2024, by depositing $60,000 into the Trust Account. The Extension Fee was paid by ZENIN INVESTMENTS , a shareholder of Blue World Holdings , the sponsor of the Company.
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