secwatch.observer — SEC 8-K summary
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Issuer:     Blue World Acquisition Corp (—)
CIK:        0001878074
Form:       8-K
Filed at:   2024-04-19T23:59:59+00:00
Accession:  0001213900-24-034499
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1878074/000121390024034499/0001213900-24-034499-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1878074/000121390024034499/ea0204256-8k_blueworld.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-034499

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