---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-029574"
form_type: "8-K"
ticker: null
cik: "0001878074"
company_name: "Blue World Acquisition Corp"
filed_at: "2024-04-03T23:59:59+00:00"
generated_at: "2026-06-04T02:58:33.628627+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# BWAQ extends business combination deadline to May 2, 2024; gets $60K deposit from Fuji Solar, $180K note from sponsor

## Summary
- Fuji Solar deposited $60,000 into trust account to extend business combination deadline from April 2 to May 2, 2024.
- Company issued unsecured promissory note of $180,000 to sponsor Blue World Holdings for working capital.
- Notes bear no interest, payable upon business combination; convertible into private units at $10.00 per unit.
- Business combination with TOYO Solar remains pending; definitive proxy statement filed March 28, 2024.

## SEC filing metadata
- accession: 0001213900-24-029574
- form_type: 8-K
- cik: 0001878074
- company_name: Blue World Acquisition Corp
- filed_at: 2024-04-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1878074/000121390024029574/0001213900-24-029574-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1878074/000121390024029574/ea0203156-8k425_bluewld.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-029574
- JSON: https://secwatch.observer/filing/0001213900-24-029574.json
- Plain text: https://secwatch.observer/filing/0001213900-24-029574.txt

## Key facts
- Debt Financings
  Blue World Acquisition Corp incurred loan of $60,000 with Fuji Solar Co., Ltd at bears no interest maturing payable in full upon the consummation of BWAQ's business combination.
  - Instrument: loan
  - Principal: $60,000
  - Counterparty: Fuji Solar Co., Ltd
  - Rate: bears no interest
  - Maturity: payable in full upon the consummation of BWAQ's business combination
  - Event: incurrence
  source text: On April 1, 2024, BWAQ issued to Fuji Solar an unsecured promissory note in the principal amount of $60,000 (the “ Extension Note ”) in connection with the payment for the Extension Fee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1878074/000121390024029574/0001213900-24-029574-index.htm
- Debt Financings
  Blue World Acquisition Corp incurred loan of $180,000 with Blue World Holdings Limited at bears no interest maturing payable in full upon the consummation of BWAQ’s business combination.
  - Instrument: loan
  - Principal: $180,000
  - Counterparty: Blue World Holdings Limited
  - Rate: bears no interest
  - Maturity: payable in full upon the consummation of BWAQ’s business combination
  - Event: incurrence
  source text: On April 1, 2024, BWAQ issued an unsecured promissory note (the “ Sponsor Note ”, together with the Extension Note, the “ Notes ”) in the amount of $180,000 to Blue World Holdings Limited, the sponsor of the Company (the “ Sponsor ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1878074/000121390024029574/0001213900-24-029574-index.htm

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