Blue World Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination

New York, April 03, 2024 (GLOBE NEWSWIRE) -- Blue World Acquisition Corporation (the “Company” or “Blue World”) (NASDAQ: BWAQ) today announced that, in order to extend the date by which the Company mush complete its initial business combination from April 2, 2024 to May 2, 2024, an aggregate of $60,000 (the “Extension Fee”) has been deposited into the Company’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”), with which the Company is preparing its business combination. The Company issued an unsecured promissory note to Fuji Solar for the deposit of the Extension Fee.

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