Blue World Acquisition Corp: debt financing — Blue World Acquisition extends business combination deadline to Dec 2, 2023; sponsor deposits $60k

Blue World Acquisition Corp

Company extends deadline for initial business combination from Nov 2, 2023 to Dec 2, 2023.
Sponsor Blue World Holdings deposits $60,000 into trust account as extension fee.
Company issues unsecured promissory note to sponsor for $60,000, bearing no interest.
Extension Note may be converted into private units at $10 per unit upon business combination.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Blue World Acquisition Corp incurred loan of $60,000 with Blue World Holdings Limited (the Sponsor) at no interest maturing upon the consummation of the Company's business combination.

Instrument: loan
Principal: $60,000
Counterparty: Blue World Holdings Limited (the Sponsor)
Rate: no interest
Maturity: upon the consummation of the Company's business combination
Event: incurrence

Exact text from the filing

On November 1, 2023, a total of $60,000 was deposited into the trust account of the Company (the “Extension Fee”) to extend the timeline to complete a business combination for an additional one month from November 2, 2023 to December 2, 2023 (the “Extension”). Such deposit of the Extension Fee is evidenced by an unsecured promissory note (the “Extension Note”) in the principal amount of $60,000 to the Sponsor.

View on SEC.gov

Browse all debt financings →

Source: SEC EDGAR

accession 0001213900-23-082169

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.