Blue World Acquisition Corporation (BWAQ) Postpones Extension Vote
by Nicholas Alan Clayton on 2023-04-25 at 11:30am

Blue World Acquisition Corp. (NASDAQ:BWAQ) announced this morning that it has postponed its April 26 special meeting to 9 am ET May 2.

Shareholders will be voting on a proposal to allow Blue World to extend its transaction deadline up to nine times in one-month increments in exchange for contributions of $0.0295 per share to the trust each time.

This is a slight step down from $0.035 per share contribution Blue World envisioned in its initial proxy for the vote. Blue World shareholders will now have an extra three days to consider this alongside their redemption decisions as the previous deadline came and went yesterday but will now remain open until 5 pm ET, April 28.

The record date for the vote is to remain April 5.

Blue World raised a total of $92.9 million in in its January 2022 IPO, and originally had 12 months to complete a deal with the right to auto-extend up to three times for three months each for $0.10 per unit contributions each time.

It has not yet announced a combination agreement, but planned to initially seek a merger with a company in a sector like hospitality or logistics that had been disrupted by the COVID-19 pandemic.

 

Blue World Acquisition Corporation (BWAQ) Postpones Extension Vote
Recent Posts
by Nicholas Alan Clayton on 2025-07-08 at 8:11pm

Globa Terra Acquisition Corporation (NASDAQ:GTERU) announced the pricing of its $152 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTERU”, Wednesday, July 9, 2025. The new SPAC plans to mount a search for a target in the agriculture, agtech or biotech sectors with an emphasis on water...

by Nicholas Alan Clayton on 2025-07-08 at 12:36pm

M3-Brigade V (NASDAQ:MBAV) has entered into a definitive agreement to combine with crypto treasury firm ReserveOne, assembling about $1 billion in equity funding. ReserveOne is setting up a diversified Bitcoin and digital asset treasury with a portion of its investments going towards blockchain infrastructure and venture raises. The combined company is expected to trade on...

by Nicholas Alan Clayton on 2025-07-08 at 8:18am

At the SPAC of Dawn As the SPAC market has warmed in 2025, only 21 of the 70 SPACs (30%) that have IPO’d thus far have overfunded their trusts to draw in investors and none of these funded to more than 101%. By contrast, 87% of 2023 SPACs were overfunded – some to as high...

by Nicholas Alan Clayton on 2025-07-07 at 9:05am

Emmis Acquisition Corporation (NASDAQ:EMISU) has filed for a $100 million SPAC to take a look at the manufacturing sector after a few unique wrinkles in their IPO process. Initial investors are set to receive one right to a 1/10 share in each unit purchased and the SPAC will have 18 months to complete a business...

by Nicholas Alan Clayton on 2025-07-07 at 8:50am

Chenghe III (NASDAQ:CHEC.U) has filed for a $110 million SPAC to continue the team’s growing series while turning to a new underwriter. The new SPAC is offering investors a 1/2 warrant in each unit and no overfunding of the trust, but it will need to complete a business combination within 18 months of its IPO...

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved