Blue World Acquisition Corporation Announces Pricing of $80 Million Initial Public Offering
31 Enero 2022 - 8:28AM
Blue World Acquisition Corporation (the “Company”), a newly
organized blank check company incorporated as a Cayman Islands
exempted company and led by Chairman and Chief Executive Officer,
Liang (Simon) Shi, today announced the pricing of its initial
public offering of 8,000,000 units at an offering price of $10.00
per unit, with each unit consisting of one Class A ordinary share,
one-half of one redeemable warrant, and one right. Each whole
warrant will entitle the holder thereof to purchase one Class A
ordinary share, and each ten rights entitle the holder thereof to
receive one Class A ordinary share. The exercise price of the
warrants is $11.50 per full share. The units are expected to trade
on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol
“BWAQU” beginning on January 31, 2022. Once the securities
comprising the units begin separate trading, the Class A ordinary
shares, warrants and rights will be traded on Nasdaq under the
symbols “BWAQ,” “BWAQW,” and “BWAQR,” respectively. No fractional
warrants will be issued upon separation of the units and only whole
warrants will be traded. The offering is expected to close on
February 2, 2022, subject to customary closing conditions.
Maxim Group LLC is acting as the sole
book-running manager for the offering. The Company has granted the
underwriter a 45-day option to purchase up to 1,200,000 additional
units at the initial public offering price to cover
over-allotments, if any.
A registration statement on Form S-1 (File No.
333-261585) relating to the securities to be sold in the initial
public offering was declared effective by the U.S. Securities and
Exchange Commission (the “SEC”) on January 31, 2022. The offering
is being made only by means of a prospectus. When available, copies
of the prospectus relating to this offering may be obtained from
Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022,
or by accessing the SEC’s website, www.sec.gov.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Blue World
Acquisition Corporation
Blue World Acquisition Corporation is a blank
check company, also commonly referred to as a special purpose
acquisition company, or SPAC, formed for the purpose of effecting a
merger, share exchange, asset acquisition, share purchase,
reorganization or similar business combination with one or more
businesses or entities.
Forward-Looking Statements
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the Company’s initial public offering (“IPO”) and search for an
initial business combination. No assurance can be given that the
offering discussed above will be completed on the terms described,
or at all, or that the net proceeds of the offering will be used as
indicated. Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of Blue World
Acquisition Corporation, including those set forth in the Risk
Factors section of Blue World Acquisition Corporation’s
registration statement and preliminary prospectus for the IPO filed
with the SEC. Copies are available on the SEC's website,
www.sec.gov. Blue World Acquisition Corporation undertakes no
obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
Contact
Information: Liang (Simon)
ShiChairman and Chief Executive OfficerEmail:
liang.shi@zeninpartners.comTel: (646) 998-9582
Investor Relations:Jingwen Zhu AssociateEmail:
jingwenzhu@zeninpartners.comTel: 86 13671834329
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