Blue World Acquisition Corporation Announces Extension Of The Deadline For An Initial Business Combination
Portfolio Pulse from Happy Mohamed
Blue World Acquisition Corporation (NASDAQ:BWAQ) has extended the deadline for its initial business combination from June 2, 2023 to July 2, 2023, depositing $194,324 into its trust account. The company issued an unsecured promissory note to Blue World Holdings Limited, its sponsor, for the payment of the Extension Fee.

June 02, 2023 | 8:01 pm
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BWAQ extends its initial business combination deadline to July 2, 2023, depositing $194,324 into its trust account.
The extension of the initial business combination deadline provides BWAQ with more time to complete its business combination. This may be seen as a neutral event for the stock price, as it does not directly impact the company's operations or financials. However, it may affect investor sentiment, depending on their view of the extension's necessity and potential benefits.
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