Blue World Acquisition Corp: debt financing — Blue World Acquisition extends business combo deadline to Feb 2 with $60k deposit

Blue World Acquisition Corp

BWAQ extended deadline to complete initial business combination from Jan 2 to Feb 2, 2024 after $60k deposit into trust account.
Sponsor Blue World Holdings and Fuji Solar each deposited $30k; BWAQ issued unsecured promissory notes to each.
Additionally, BWAQ issued $33,333 note to Fuji Solar for valuation expenses related to planned merger.
Notes are non-interest bearing, payable upon business combination closing, and convertible into units at $10/unit.

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 0.95

Blue World Acquisition Corp incurred loan of unsecure promissory note in the principal amount of $33,333 with Fuji Solar Co., Ltd at The Notes bear no interest maturing payable in full upon the consummation of BWAQ’s business combination.

Instrument: loan
Principal: unsecure promissory note in the principal amount of $33,333
Counterparty: Fuji Solar Co., Ltd
Rate: The Notes bear no interest
Maturity: payable in full upon the consummation of BWAQ’s business combination
Event: incurrence

Exact text from the filing

On December 28, 2023, pursuant to the Merger Agreement, BWAQ issued another unsecure promissory note in the principal amount of $33,333 to Fuji Solar

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283 debt financings filed in the last 30 days. Browse all debt financings →

Source: SEC EDGAR

accession 0001213900-24-000245

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