secwatch.observer — SEC 8-K summary
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Issuer:     Blue World Acquisition Corp (—)
CIK:        0001878074
Form:       8-K
Filed at:   2024-01-18T23:59:59+00:00
Accession:  0001213900-24-004503
Event type: regulatory
Sentiment:  positive
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1878074/000121390024004503/0001213900-24-004503-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1878074/000121390024004503/ea191827-8k_blueworld.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-004503

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