Blue World Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
New York, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Blue World Acquisition Corporation (the “Blue World”) (NASDAQ: BWAQ) today announced that, in order to extend the date by which Blue World must complete its initial business combination from February 2, 2024 to March 2, 2024, an aggregate of $60,000 (the “Extension Fee”) has been deposited into Blue World’s trust account (the “Trust Account”).
- New York, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Blue World Acquisition Corporation (the “Blue World”) (NASDAQ: BWAQ) today announced that, in order to extend the date by which Blue World must complete its initial business combination from February 2, 2024 to March 2, 2024, an aggregate of $60,000 (the “Extension Fee”) has been deposited into Blue World’s trust account (the “Trust Account”).
- The payment for the Extension Fee was made by Fuji Solar Co., Ltd (“Fuji Solar”), an indirect major shareholder of Vietnam Sunergy Cell Company Limited (“TOYO Solar”).
- On February 6, 2024, Blue World, TOYO Solar, Fuji Solar and other parties entered into Amendment No.
- Blue World issued an unsecured promissory note to Fuji Solar to evidence the deposit of the Extension Fee.