---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-034499"
form_type: "8-K"
ticker: null
cik: "0001878074"
company_name: "Blue World Acquisition Corp"
filed_at: "2024-04-19T23:59:59+00:00"
generated_at: "2026-06-03T16:50:43.855421+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Blue World Acquisition issues $320K promissory note to sponsor for working capital

## Summary
- Unsecured promissory note of up to $320,000 issued to sponsor Blue World Holdings Limited.
- Note bears no interest; principal due upon consummation of a business combination or expiry of the company.
- Sponsor may convert outstanding principal into private units at $10.00 per unit before closing of a business combination.
- Proceeds used for general working capital; draws available until business combination.
- Note is unregistered and issued under Section 4(a)(2) exemption; conversion units subject to registration rights.

## SEC filing metadata
- accession: 0001213900-24-034499
- form_type: 8-K
- cik: 0001878074
- company_name: Blue World Acquisition Corp
- filed_at: 2024-04-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1878074/000121390024034499/0001213900-24-034499-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1878074/000121390024034499/ea0204256-8k_blueworld.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-034499
- JSON: https://secwatch.observer/filing/0001213900-24-034499.json
- Plain text: https://secwatch.observer/filing/0001213900-24-034499.txt

## Key facts
- Debt Financings
  Blue World Acquisition Corp incurred loan of up to $320,000 with Blue World Holdings Limited at no interest maturing upon the consummation of BWAQ's business combination.
  - Instrument: loan
  - Principal: up to $320,000
  - Counterparty: Blue World Holdings Limited
  - Rate: no interest
  - Maturity: upon the consummation of BWAQ's business combination
  - Event: incurrence
  source text: On April 19, 2024, Blue World Acquisition Corporation (“ BWAQ ”) issued an unsecured promissory note (the “ Note ”) in the principal amount of up to $320,000 to Blue World Holdings Limited, the sponsor of the Company (the “ Sponsor ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1878074/000121390024034499/0001213900-24-034499-index.htm

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