Blue World Acquisition Corp: M&A transaction — TOYO Co., Ltd completes business combination with Blue World Acquisition, begins Nasdaq trading July 2 under TOYO

Blue World Acquisition Corp

Business combination closed July 1, 2024; Blue World ceased to exist; TOYO Co., Ltd is the successor listed entity.
TOYO ordinary shares begin trading on Nasdaq July 2, 2024 under ticker symbol 'TOYO'.
BWAQ warrants converted into TOYO warrants; warrants to trade on OTC Markets.
BWAQ shareholders approved the transaction on May 28, 2024; all closing conditions were satisfied.
CEO Junsei Ryu and Blue World CEO Liang Shi commented positively on the combination and Nasdaq listing.

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Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Blue World Acquisition Corp underwent a change of control involving TOYO Co., Ltd (closed 2024-07-01).

Action: change of control
Counterparty: TOYO Co., Ltd
Closing: 2024-07-01

Exact text from the filing

On July 1, 2024 (the "Closing Date"), Blue World Acquisition Corporation, a Cayman Islands exempted company ("BWAQ"), consummated the previously announced business combination pursuant to the Agreement and Plan of Merger, dated as of August 10, 2023

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Source: SEC EDGAR

accession 0001213900-24-059668

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