Blue World Acquisition Corp: Nasdaq/NYSE listing notice — Blue World Acquisition cures Nasdaq MVLS deficiency via Class B share conversion

Blue World Acquisition Corp

On Jan 12, 2024, sponsor and Fuji Solar elected to convert 700,000 Class B shares to Class A shares.
Conversion closed Jan 17; 400,000 from sponsor, 300,000 from Fuji Solar.
Post-conversion, Class A shares outstanding: 5,002,246; Class B: 1,600,000.
Estimated MVLS now $55.42M based on Jan 17 close of $11.08, above $50M minimum.
Previously received Nasdaq deficiency letter on Dec 5, 2023 for MVLS below threshold.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.82

Blue World Acquisition Corp received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5450(b)(2)(A)

Exact text from the filing

any currently has 5,002,246 Class A ordinary shares and 1,600,000 Class B ordinary shares issued and outstanding, respectively. Class A ordinary shares are currently traded on the Global Market under the symbol “BWAQ” and deemed by Nasdaq to be the Company’s “Listed Securities” for purposes of Rule 5450(b)(2)(A) Based on the closing trading price of Class A ordinary shares of $11.08 on January 17, 2024, the estimated Company’s total MVLS is approximately $55.42 million, giving effect to the Class B Conversion, which is in excess of the $50 million MVLS requirement for continued listing on the

View on SEC.gov

Browse all listing & compliance notices →

Source: SEC EDGAR

accession 0001213900-24-004503

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.