Current Report Filing (8-k)
March 04 2022 - 3:12PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
March 4, 2022 (February 2, 2022)
BLUE WORLD ACQUISITION CORPORATION
(Exact name of registrant as specified in its charter)
Cayman Islands |
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001-41256 |
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N/A |
(State or other jurisdiction |
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(Commission File Number) |
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(IRS Employer |
of incorporation) |
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Identification Number) |
244 Fifth Avenue, Suite B-88
New York, NY 10001 |
(Address of principal executive offices) |
(646) 998-9582
(Registrant’s telephone number, including
area code)
(Former name or former address, if changed since
last report.)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act.
Title of each class |
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Trading Symbol |
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Name of each exchange on which
registered |
Units, consisting of one Class A Ordinary Share, $0.0001 par value, one-half of one redeemable Warrant, each whole warrant to acquire one Class A Ordinary Share, and one Right to acquire one-tenth of one Class A Ordinary Share |
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BWAQU |
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The Nasdaq Stock Market LLC |
Class A Ordinary Shares, par value $0.0001
per share |
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BWAQ |
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The Nasdaq Stock Market LLC |
Redeemable Warrants, each whole warrant exercisable
for one Class A Ordinary Share at an exercise price of $11.50 per share |
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BWAQW |
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The Nasdaq Stock Market LLC |
Rights, each whole right to acquire one-tenth of one Class A Ordinary Share |
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BWAQR |
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The Nasdaq Global Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☒
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On February 2, 2022, Blue World Acquisition Corporation
(the “Company”) consummated an initial public offering (the “IPO”) of 9,200,000 units (the
“Units”), which included 1,200,000 units issued upon the full exercise of the underwriters’ over-allotment option.
Each Unit consists of one Class A Ordinary Share, $0.0001 par value per share (the “Class A Ordinary Share”), one-half
of one redeemable warrant (the “Warrants”), each whole Warrant entitling the holder thereof to purchase one Class A
Ordinary Share at an exercise price of $11.50 per share, and one right (the “Right”), each one Right entitling the holder
thereof to exchange for one-tenth of one Class A Ordinary Share upon the completion of the Company’s initial business combination.
The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $92,000,000.
On February 2, 2022, simultaneously with the consummation
of the IPO, the Company completed the private sale (the “Private Placement”) of 424,480 units (the “Private
Units”) including 378,480 Private Units to the Company’s sponsor, Blue World Holdings Limited (the “Sponsor”),
and 46,000 Private Units to Maxim Group LLC (or its designees), the representative of the several underwriters (the “Representative”),
respectively, at a purchase price of $10.00 per Private Unit, generating gross proceeds to the Company of $4,244,800.
The proceeds of $ 92,920,000 ($10.10 per Public
Unit) in the aggregate from the IPO and the Private Placement, were placed in a trust account (the “Trust Account”)
established for the benefit of the Company’s public shareholders and the underwriters of the IPO with Continental Stock Transfer
& Trust Company acting as trustee.
An audited balance sheet as of February 2, 2022,
reflecting receipt of the proceeds upon consummation of the IPO and the Private Placement has been issued by the Company and is included
as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Blue World Acquisition Corporation |
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By: |
/s/ Liang Shi |
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Name: |
Liang Shi |
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Title: |
Chief Executive Officer |
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Date: March 4, 2022 |
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