secwatch.observer — SEC 8-K summary
======================================

Issuer:     Blue World Acquisition Corp (—)
CIK:        0001878074
Form:       8-K
Filed at:   2023-11-17T23:59:59+00:00
Accession:  0001213900-23-088309
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1878074/000121390023088309/0001213900-23-088309-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1878074/000121390023088309/ea188502-8k_blueworld.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-088309

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer