Blue World Acquisition Corporation - BWAQU STOCK NEWS

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.

Blue World Acquisition postpones the Extraordinary General Meeting to approve the Business Combination with TOYO Solar pending a Post-Effective Amendment to the Registration Statement. The Business Combination with Vietnam Sunergy Cell Company is progressing, with TOYO Co., expected to file a Post-Effective Amendment with the SEC containing financial statements of TOYO Solar for the year ended December 31, 2023. The completion of the Business Combination will result in the combined company operating as TOYO Co., and being listed on the Nasdaq Capital Market under the ticker symbol 'TOYO'. The Extraordinary General Meeting originally scheduled for April 23, 2024, has been postponed to allow for the filing of the Post-Effective Amendment, with Blue World advising shareholders to carefully review the Proxy Statement Amendment before voting or making investment decisions.

Blue World Acquisition (BWAQ) extends initial business combination deadline with $60,000 deposit by Fuji Solar.

Blue World Acquisition Corporation (NASDAQ: BWAQ) extends initial business combination deadline by a month by depositing $60,000 Extension Fee.

Blue World Acquisition Corporation (BWAQ) has extended the date for its initial business combination to March 2, 2024, by depositing an aggregate of $60,000 as an Extension Fee into its Trust Account. The payment was made by Fuji Solar Co., Ltd, an indirect major shareholder of Vietnam Sunergy Cell Company Limited. Blue World, TOYO Solar, Fuji Solar, and other parties have entered into Amendment No. 2 to Agreement and Plan of Merger to amend certain terms of the proposed business combination.

Blue World Acquisition Corporation (BWAQ) has announced the liquidation of U.S. government treasury obligations and money market funds in its trust account to mitigate potential risks of being deemed an unregistered investment company. The Trustee will hold all funds in cash at an interest-bearing bank demand deposit account until the consummation of its initial business combination or liquidation of the company.

Blue World Acquisition Corporation (NASDAQ: BWAQ) has extended the date for its initial business combination from January 2, 2024, to February 2, 2024, by depositing an aggregate of $60,000 into its trust account. The extension fee was paid by the company's sponsor, Blue World Holdings Limited, and Fuji Solar Co., Ltd, an indirect major shareholder of Vietnam Sunergy Cell Company Limited, pursuant to an agreement and plan of merger. Blue World issued unsecured promissory notes to the sponsor and Fuji Solar to evidence the deposit of the extension fee.

Blue World Acquisition Corporation (NASDAQ: BWAQ) extends its initial business combination completion date to January 2, 2024, with an aggregate deposit of $60,000 into the Trust Account. The Extension Fee was paid by Fuji Solar Co., Ltd, an indirect major shareholder of Vietnam Sunergy Cell Company Limited (TOYO Solar), as part of the Agreement and Plan of Merger.