Blue World Acquisition Corporation Announces Extension Of The Deadline For An Initial Business Combination To November 2, 2023
Portfolio Pulse from Benzinga Newsdesk
Blue World Acquisition Corporation (BWAQ) has extended the deadline for its initial business combination from October 2, 2023 to November 2, 2023. An Extension Fee of $60,000 has been deposited into the Company's trust account. The Company issued an unsecured promissory note to Blue World Holdings Limited, the sponsor of the Company, for the deposit of the Extension Fee.
September 28, 2023 | 8:16 pm
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BWAQ has extended the deadline for its initial business combination, depositing an Extension Fee of $60,000 into its trust account. This could potentially impact the company's short-term financial position.
The extension of the deadline for the initial business combination and the deposit of the Extension Fee could potentially impact BWAQ's short-term financial position. However, the exact impact is uncertain and will depend on the details of the business combination and the company's overall financial strategy.
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