secwatch / observer
8-K filed March 4, 2024, 6:59 PM ET CIK 0001878074
M&A confidence high sentiment neutral materiality 0.60

BWAQ amends merger agreement with TOYO Co., restructuring PubCo shareholders and adding earnout escrow

Blue World Acquisition Corp

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Blue World Acquisition Corp amended Amendment to the Merger Agreement with TOYO Co., Ltd, TOYOone Limited, TOPTOYO INVESTMENT PTE. LTD., Vietnam Sunergy Cell Company Limited, Vietnam Sunergy Joint Stock Company, Fuji Solar Co., Ltd, WA Global Corporation, Belta Technology Company Limited, BestToYo Technology Company Limited (effective 2024-02-29).

Action
amendment
Agreement
merger
Counterparty
TOYO Co., Ltd, TOYOone Limited, TOPTOYO INVESTMENT PTE. LTD., Vietnam Sunergy Cell Company Limited, Vietnam Sunergy Joint Stock Company, Fuji Solar Co., Ltd, WA Global Corporation, Belta Technology Company Limited, BestToYo Technology Company Limited
Effective
2024-02-29
Exact text from the filing
On February 29, 2024, Blue World Acquisition Corporation (“ BWAQ ”) entered into an Amendment No. 3 (the “ Amendment to the Merger Agreement ”) to the Agreement and Plan of Merger, dated as of August 10, 2023, as amended on December 6, 2023 and February 6, 2024 (as the same may be amended, restated or supplemented, the “ Merger Agreement ”) with TOYO Co., Ltd, a Cayman Islands exempted company (“ PubCo ”), TOYOone Limited, a Cayman Islands exempted company (“ Merger Sub ”), TOPTOYO INVESTMENT PTE. LTD., a Singapore private company limited by shares (“ SinCo ”), Vietnam Sunergy Cell Company Limited, a Vietnamese company, (“ TOYO Solar ”, together with PubCo, Merger Sub and SinCo, the “ Group Companies ”, or each individually, a “ Group Company ”), Vietnam Sunergy Joint Stock Company, a Vietnam joint stock company (“ VSUN ”), Fuji Solar Co., Ltd, a Japanese company (“ Fuji Solar ”), WA Global Corporation, a Cayman Islands exempted company (“ WAG ”), Belta Technology Company Limited, a Ca
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Source: SEC EDGAR
accession 0001213900-24-019259
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