SPACInsider Logo
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.


Recent Posts
by Nicholas Alan Clayton on 2023-06-06 at 9:43am

Blue Ocean (NASDAQ:BOCN) has entered into a definitive agreement to combine with digital media company TNL Mediagene at a pre-money enterprise value of $275 million. TNL Mediagene holds the Japanese licenses for a number digital media properties as well as Taipei-based The News Lens. The combined company Is expected to trade on the Nasdaq once...

by Nicholas Alan Clayton on 2023-06-06 at 7:23am

Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this morning that it plans to adjourn its special meeting to approve its combination with AEON Biopharma from noon today to the same time June 9. The SPAC plans to use this time to further engage with its shareholders as the ballot includes a variety of additional...

by Marlena Haddad on 2023-06-05 at 5:45pm

Latest Non-Redemption Agreements:  EVe Mobility EVe Mobility Acquisition Corp. (EVE) Adds Non-Redemption Agreement On June 5, 2023, EVe Mobility Acquisition Corp. (NYSE:EVE) and the Sponsor entered into non-redemption agreements with unaffiliated third party investors, pursuant to which the Investors have, in connection with the Extension Meeting, agreed not to redeem, or to reverse and revoke any prior...

by Marlena Haddad on 2023-06-05 at 5:44pm

Latest SPAC Liquidations: ST Energy Transition I, MELI Kaszek Pioneer Corp. ST Energy Transition I Ltd. (STET) to Liquidate on June 7 ST Energy Transition I Ltd. (NYSE:STET) announced today that the Board of Directors has elected to dissolve and liquidate the company. Net of taxes and dissolution expenses, the per-share redemption price for the...

by Marlena Haddad on 2023-06-05 at 5:43pm

Worldwide Webb Acquisition Corp. (NASDAQ: WWAC) announced this afternoon that it has secured a $5 million PIPE for its proposed merger with consultancy firm Aeries Technology. While most PIPEs are priced at $10 per share, Worldwide Webb’s $5 million subscription agreement was executed at just $4.48 per share in a private placement to be completed concurrently...

Privacy Policy|Terms Of Use
Copyright © 2023 SPACInsider, Inc. All Rights Reserved