---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-088309"
form_type: "8-K"
ticker: null
cik: "0001878074"
company_name: "Blue World Acquisition Corp"
filed_at: "2023-11-17T23:59:59+00:00"
generated_at: "2026-06-08T00:27:19.751291+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Blue World Acquisition obtains $250K promissory note from sponsor for working capital

## Summary
- Issued unsecured promissory note of $250,000 to sponsor Blue World Holdings Limited on Nov 15, 2023.
- Note bears no interest and matures upon business combination or company expiry; proceeds for general working capital.
- Sponsor can convert outstanding principal into private units at $10 per unit (each unit: one Class A share, half warrant, one right).
- Note is exempt from registration under Section 4(a)(2) of Securities Act; repayment from trust funds is prohibited if no combination.

## SEC filing metadata
- accession: 0001213900-23-088309
- form_type: 8-K
- cik: 0001878074
- company_name: Blue World Acquisition Corp
- filed_at: 2023-11-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1878074/000121390023088309/0001213900-23-088309-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1878074/000121390023088309/ea188502-8k_blueworld.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-088309
- JSON: https://secwatch.observer/filing/0001213900-23-088309.json
- Plain text: https://secwatch.observer/filing/0001213900-23-088309.txt

## Key facts
- Debt Financings
  Blue World Acquisition Corp incurred loan of $250,000 with Blue World Holdings Limited at no interest maturing upon the earlier to occur of (i) the consummation of the Company’s business combination or (ii) the date of expiry of the term of the Company.
  - Instrument: loan
  - Principal: $250,000
  - Counterparty: Blue World Holdings Limited
  - Rate: no interest
  - Maturity: upon the earlier to occur of (i) the consummation of the Company’s business combination or (ii) the date of expiry of the term of the Company
  - Event: incurrence
  source text: On November 15, 2023, Blue World Acquisition Corporation (the “Company”) issued an unsecured promissory note (the “Promissory Note”) in the amount of $250,000 to Blue World Holdings Limited (the “Sponsor”), a Hong Kong private company limited by shares.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1878074/000121390023088309/0001213900-23-088309-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.