Blue World Acquisition Corporation
BWAQR
NASDAQ Global Market0.23
USD
+0.03
- -
CIK
0001878074
ISIN
KYG1263E1109
Return %
Stock
S&P500
1Y
130.10
26.53
3Y
91.75
76.60
5Y
91.75
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Liang Shi
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 244 Fifth Avenue New York City NY United States of America 10001
- IPO Date
- Mar 16, 2022
- CIK
- 0001878074
- Similar Companies
- Business
- Blue World Acquisition Corporation (NASDAQ: BWAQR) operates as a blank check company, or special purpose acquisition company (SPAC), whose principal purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses; the company originally targets opportunities in marine leisure, cruise ships, marine infrastructure and engineering, general hospitality, travel and tourism, marine services, logistics and supply chain, offshore energy solutions, and related segments not headquartered in China (including Hong Kong and Macau), with potential synergies in the Asia Pacific and U.S. markets. Incorporated in 2021 and headquartered in New York, New York, with CEO Liang Shi, Blue World Acquisition Corporation completed its initial public offering in January 2022 raising $92 million, which was held in trust at 101% of proceeds; as a SPAC, it generates no operating revenues and relies on sponsor contributions and trust interest for ongoing expenses prior to any business combination. In August 2023, the company announced a definitive merger agreement with TOYO Co., Ltd., a Tokyo-based solar solutions provider focused on photovoltaic modules and products primarily in Southeast Asia through its Vietnam Sunergy Cell subsidiary, with the transaction approved by shareholders on May 28, 2024, following multiple deadline extensions including deposits into trust through June 2024; the business combination closed on July 1, 2024, resulting in TOYO's ordinary shares trading on Nasdaq under the ticker TOYO (formerly BWAQ) and warrants on OTC Markets as TOYWF or BWAQR, marking the SPAC's de-SPAC transaction and shift to solar energy operations while delisting the original Blue World entities.