Blue World Acquisition Corp: debt financing — Blue World Acquisition extends business combination deadline to June 2, 2024; $60K deposited

Blue World Acquisition Corp

Deposited $60,000 into trust account to extend business combination deadline from May 2 to June 2, 2024.
Extension funded by ZENIN INVESTMENTS LIMITED, a shareholder of sponsor Blue World Holdings Ltd.
Issued unsecured promissory note to ZENIN for $60,000, convertible into units at $10/unit.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Blue World Acquisition Corp incurred loan of $60,000 with ZENIN INVESTMENTS LIMITED at no interest maturing upon the consummation of BWAQ's business combination.

Instrument: loan
Principal: $60,000
Counterparty: ZENIN INVESTMENTS LIMITED
Rate: no interest
Maturity: upon the consummation of BWAQ's business combination
Event: incurrence

Exact text from the filing

On May 2, 2024, BWAQ issued to ZENIN an unsecured promissory note in the principal amount of $60,000 (the “ Note ”)

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Source: SEC EDGAR

accession 0001213900-24-039309

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