Form 8-K - Current report
February 21 2024 - 4:00PM
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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): February
20, 2024
BLUE WORLD ACQUISITION CORPORATION
(Exact name of registrant as specified in its charter)
Cayman Islands |
|
001-41256 |
|
N/A |
(State or other jurisdiction |
|
(Commission File Number) |
|
(IRS Employer |
of incorporation) |
|
|
|
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)
N/A
(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 |
|
Trading Symbol |
|
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 |
|
BWAQU |
|
The Nasdaq Stock Market LLC |
Class A Ordinary Shares, par value $0.0001 per share |
|
BWAQ |
|
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 |
|
BWAQW |
|
The Nasdaq Stock Market LLC |
Rights, each whole right to acquire one-tenth of one Class A Ordinary Share |
|
BWAQR |
|
The Nasdaq Stock 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 3.01 Notice of Delisting or Failure to Satisfy
a Continued Listing Rule or Standard; Transfer of Listing.
As previously disclosed, on December
5, 2023, Blue World Acquisition Corporation (the “Company”) received a letter (the “Letter”) from
the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the
previous 30 consecutive business days, the Market Value of Listed Securities (“MVLS”) for the Company was below the
$50 million minimum MVLS requirement for continued listing on the Nasdaq Global Market (the “Global Market”) under
Nasdaq Listing Rule 5450(b)(2)(A) (the “MVLS Rule”).
On February 20, 2024, the Company
received a written notice from the staff of Nasdaq (the “Staff”) notifying the Company that the Staff has determined
that for the last 22 consecutive business days, from January 18, 2024 to February 16, 2024, the Company’s MVLS has been $50 million
or greater. Accordingly, the Company has regained compliance with the MVLS Rule and the Staff has indicated that the matter is now closed.
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.
|
Blue World Acquisition Corporation |
|
|
|
By: |
/s/ Liang Shi |
|
Name: |
Liang Shi |
|
Title: |
Chief Executive Officer |
|
|
|
Date: February 21, 2024 |
|
|
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Feb. 20, 2024 |
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Document Period End Date |
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Entity File Number |
001-41256
|
Entity Registrant Name |
BLUE WORLD ACQUISITION CORPORATION
|
Entity Central Index Key |
0001878074
|
Entity Tax Identification Number |
00-0000000
|
Entity Incorporation, State or Country Code |
E9
|
Entity Address, Address Line One |
244 Fifth Avenue
|
Entity Address, Address Line Two |
Suite B-88
|
Entity Address, City or Town |
New York
|
Entity Address, State or Province |
NY
|
Entity Address, Postal Zip Code |
10001
|
City Area Code |
(646)
|
Local Phone Number |
998-9582
|
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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 |
|
Title of 12(b) Security |
Units, consisting of one Class A Ordinary Share, $0.0001 par value, one-half of one redeemable Warrant
|
Trading Symbol |
BWAQU
|
Security Exchange Name |
NASDAQ
|
Class A Ordinary Shares, par value $0.0001 per share |
|
Title of 12(b) Security |
Class A Ordinary Shares, par value $0.0001 per share
|
Trading Symbol |
BWAQ
|
Security Exchange Name |
NASDAQ
|
Redeemable Warrants, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share |
|
Title of 12(b) Security |
Redeemable Warrants, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share
|
Trading Symbol |
BWAQW
|
Security Exchange Name |
NASDAQ
|
Rights, each whole right to acquire one-tenth of one Class A Ordinary Share |
|
Title of 12(b) Security |
Rights, each whole right to acquire one-tenth of one Class A Ordinary Share
|
Trading Symbol |
BWAQR
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Security Exchange Name |
NASDAQ
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