--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-24-028026" form_type: "8-K" ticker: null cik: "0001878074" company_name: "Blue World Acquisition Corp" filed_at: "2024-03-29T23:59:59+00:00" generated_at: "2026-06-04T05:34:12.645902+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.55 calibrated_materiality_score: 0.55 confidence: "high" source: SEC EDGAR --- # Blue World SPAC extends deadline to Nov 2, 2024 after shareholder vote; 1.06M shares redeemed ## Summary - Shareholders approved charter amendment to extend business combination deadline from April 2, 2024 up to November 2, 2024 via up to seven monthly extensions. - Trust agreement amended to allow liquidation start on April 2, 2024 or later if extended up to Nov 2, 2024. - 1,059,186 Class A ordinary shares redeemed in connection with the vote, reducing trust account proceeds. - Mr. Buhdy Sin Swee Bok re-elected as Class I director; Marcum Asia CPAs LLP ratified as auditor. - Monthly extension fee of $60,000 for all remaining public shares required for each monthly extension. ## SEC filing metadata - accession: 0001213900-24-028026 - form_type: 8-K - cik: 0001878074 - company_name: Blue World Acquisition Corp - filed_at: 2024-03-29T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.55 - calibrated_materiality_score: 0.55 - confidence: high - sec_items: 1.01, 5.02, 5.03, 5.07, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1878074/000121390024028026/0001213900-24-028026-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1878074/000121390024028026/ea0202890-8k425_bluewld.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-24-028026 - JSON: https://secwatch.observer/filing/0001213900-24-028026.json - Plain text: https://secwatch.observer/filing/0001213900-24-028026.txt ## Key facts - Governance Changes Blue World Acquisition Corp: Shareholders approved amendment to extend the deadline to complete a business combination to April 2, 2024, with option for up to seven additional one-month extensions through November 2, 2024 (effective 2023-07-02). - Change: charter amendment - Effective: 2023-07-02 source text: the shareholders of the Company approved the proposal to amend Company’s Amended and Restated Memorandum and Articles of Association (the “ Charter ”) which previously provided that the Company has until July 2, 2023 to complete a Business Combination, and may elect to extend the period to consummate a Business Combination up to nine times, each by an additional Monthly Extension, for a total of up to nine months to April 2, 2024, be deleted in their entirety and the substitution in their place of the fourth amended and restated memorandum and articles of association of the Company (the “ Amended Charter ”), which provides that the Company has until April 2, 2024 to complete a business combination, and may elect to extend the period to consummate a business combination up to seven times, each by an additional one-month extension, for a total of up to seven months to November 2, 2024. evidence_url: https://www.sec.gov/Archives/edgar/data/1878074/000121390024028026/0001213900-24-028026-index.htm - Material Agreements Blue World Acquisition Corp amended Investment Management Trust Agreement with Continental Stock Transfer & Trust Company valued at The Trustee must commence liquidation of the Company's trust account by April 2, 2024, or, if furthe (effective 2024-03-26). - Action: amendment - Counterparty: Continental Stock Transfer & Trust Company - Value: The Trustee must commence liquidation of the Company's trust account by April 2, 2024, or, if furthe - Effective: 2024-03-26 source text: Item 1.01. Entry into a Material Definitive Agreement. On March 26, 2024, Blue World Acquisition Corporation, a Cayman Islands exempted company (the “ Company ”) held an extraordinary general meeting in lieu of an annual general meeting of shareholders (the “ Shareholder Meeting ”), where the shareholders of the Company approved by way of special resolution, among others, the Company to amend the Investment Management Trust Agreement dated January 31, 2022, as amended on May 2, 2023, June 30, 2023 and January 26, 2024 (the “ Trust Agreement ”), by and between the Company and Continental Stock Transfer & Trust Company, a New York limited purpose trust company (the “ Trustee ”) to provide that the Trustee must commence liquidation of the Company’s trust account (the “ Trust Account ”) by April 2, 2024, or, if further extended by up to seven one-month extensions (the “ Monthly Extension ”), up to November 2, 2024. Upon the shareholders’ approval, on March 26, 2024, the Company and the Tru evidence_url: https://www.sec.gov/Archives/edgar/data/1878074/000121390024028026/0001213900-24-028026-index.htm - Shareholder Votes Blue World Acquisition Corp shareholders approved Ratify the engagement of Marcum Asia CPAs LLP as independent auditor for the year ending June 30, 2024 at the 2024-06-30 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2024-06-30 source text: The shareholders approved the proposal to ratify the engagement of Marcum Asia CPAs LLP to serve as the Company’s independent registered public accounting firm for the year ending June 30, 2024. The voting results were as follows: FOR AGAINST ABSTAIN 5,056,176 0 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1878074/000121390024028026/0001213900-24-028026-index.htm - Shareholder Votes Blue World Acquisition Corp shareholders approved Amend the Company's Charter to extend the deadline to complete a business combination at the 2024-04-02 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2024-04-02 source text: The shareholders approved the proposal to amend the Company’s Charter to provide that the Company has until April 2, 2024 to complete a business combination, and may elect to extend the period to consummate a business combination up to seven times, each by an additional one-month extension, for a total of up to seven months to November 2, 2024. The voting results were as follows: FOR AGAINST ABSTAIN 4,854,399 195,777 6,000 evidence_url: https://www.sec.gov/Archives/edgar/data/1878074/000121390024028026/0001213900-24-028026-index.htm - Shareholder Votes Blue World Acquisition Corp shareholders approved Amend the Trust Agreement to provide liquidation timeline at the 2024-04-02 meeting. - Outcome: passed - Meeting: 2024-04-02 source text: The shareholders approved the proposal to amend the Trust Agreement to provide that the Trustee must commence liquidation of the Trust Account by April 2, 2024, or, if further extended by up to nine one-month extensions, up to November 2, 2024. The voting results were as follows: FOR AGAINST ABSTAIN 4,854,399 195,777 6,000 evidence_url: https://www.sec.gov/Archives/edgar/data/1878074/000121390024028026/0001213900-24-028026-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.