---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-004503"
form_type: "8-K"
ticker: null
cik: "0001878074"
company_name: "Blue World Acquisition Corp"
filed_at: "2024-01-18T23:59:59+00:00"
generated_at: "2026-06-06T22:07:06.913823+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Blue World Acquisition cures Nasdaq MVLS deficiency via Class B share conversion

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-004503
- form_type: 8-K
- cik: 0001878074
- company_name: Blue World Acquisition Corp
- filed_at: 2024-01-18T23:59:59+00:00
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1878074/000121390024004503/0001213900-24-004503-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1878074/000121390024004503/ea191827-8k_blueworld.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-004503
- JSON: https://secwatch.observer/filing/0001213900-24-004503.json
- Plain text: https://secwatch.observer/filing/0001213900-24-004503.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1878074/000121390024004503/0001213900-24-004503-index.htm

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