Blue World Acquisition Corporation
NASDAQ Global MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Liang Shi
- Full Time Employees
- 3
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 244 Fifth Avenue New York City NY United States of America 10001
- IPO Date
- Mar 17, 2022
- CIK
- 0001878074
- Similar Companies
- Business
- Blue World Acquisition Corporation (BWAQ) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant independent operations and a primary focus on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more target businesses or entities. The company targets opportunities primarily in marine leisure and cruise; marine infrastructure and engineering; general hospitality, travel, and tourism; marine services; logistics and supply chain; offshore energy solutions; and related industry segments. Incorporated in 2021 and headquartered in New York, New York, it raised approximately $92 million in its initial public offering in January 2022, placing funds in trust for deployment upon identifying a suitable target. In a major development, Blue World Acquisition Corporation completed a reverse merger with Vietnam Sunergy Cell Company Limited, a subsidiary of TOYO Co., Ltd (TOYO Solar), on July 1, 2024, following shareholder approval on May 28, 2024, and prior extensions of its business combination deadline including to June 2, 2024. This transaction, originally announced on August 10, 2023, resulted in TOYO Co., Ltd listing its ordinary shares on Nasdaq under the ticker TOYO beginning July 2, 2024, with warrants trading on OTC Markets, marking the effective delisting and transformation of BWAQ as the SPAC entity. The deal positions the combined entity to expand solar solutions globally, leveraging Nasdaq access for enhanced U.S. market presence amid growing renewable energy demand.
TOYO Co., Ltd Announces Consummation of Business Combination and Debut on Nasdaq
TOYO Co., Ltd Announces Consummation of Business Combination and Debut on Nasdaq
Blue World Acquisition Corporation Announces the Redemption Deadline as May 23, 2024 for the Extraordinary General Meeting to Approve the Business Combination with TOYO Solar
Blue World Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
Blue World Acquisition Corporation Postponed the Extraordinary General Meeting to Approve the Business Combination with TOYO Solar Pending A Post-Effective Amendment to The Registration Statement
Blue World Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
Blue World Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
Blue World Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
Blue World Acquisition Corporation Announces Liquidation of Investments Held in the Trust Account into Cash
Blue World Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
Blue World Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
Blue World Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
Blue World Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
Blue World Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination
Vietnam Sunergy Cell Company Limited, a Vietnam Solar Solution Company to Become a Publicly Traded Company via Business Combination with Blue World Acquisition Corporation
Blue World Acquisition Corporation Announces Its Intention to Extend the Deadline for an Initial Business Combination