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Blue World Acquisition Corporation (NASDAQ: BWAQ) has announced the postponement of its extraordinary general meeting of shareholders, initially scheduled for April 26, 2023, to May 2, 2023. This meeting aims to discuss the Charter Amendment Proposal, allowing BWAQ until May 2, 2023, to finalize a business combination with the option to extend for up to nine additional months. The Monthly Extension Fee has been revised from $0.035 to $0.0295 per public share. The deadline for shareholders to submit redemption requests has also been extended to April 28, 2023. Shareholders will receive updates through the definitive proxy statement filed with the SEC. The company emphasizes the importance of shareholder participation in the upcoming vote.
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Blue World Acquisition Corporation has priced its initial public offering (IPO) of 8,000,000 units at $10.00 each. Each unit consists of one Class A ordinary share, half a redeemable warrant, and one right. The warrants' exercise price is $11.50 per share. Trading is set to begin on Nasdaq under the symbol BWAQU on January 31, 2022, with the expected closing date on February 2, 2022. Maxim Group LLC is the sole book-running manager, with a 45-day option granted to purchase an additional 1,200,000 units. This IPO aims to facilitate a business combination with other entities.