---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-059668"
form_type: "8-K"
ticker: null
cik: "0001878074"
company_name: "Blue World Acquisition Corp"
filed_at: "2024-07-08T23:59:59+00:00"
generated_at: "2026-05-31T23:10:26.277034+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# TOYO Co., Ltd completes business combination with Blue World Acquisition, begins Nasdaq trading July 2 under TOYO

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-059668
- form_type: 8-K
- cik: 0001878074
- company_name: Blue World Acquisition Corp
- filed_at: 2024-07-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1878074/000121390024059668/0001213900-24-059668-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1878074/000121390024059668/ea0209049-8k425_blue.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-059668
- JSON: https://secwatch.observer/filing/0001213900-24-059668.json
- Plain text: https://secwatch.observer/filing/0001213900-24-059668.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1878074/000121390024059668/0001213900-24-059668-index.htm

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