{"id":786953,"date":"2023-09-28T19:00:28","date_gmt":"2023-09-28T23:00:28","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-world-acquisition-corporation-announces-extension-of-the-deadline-for-an-initial-business-combination-3\/"},"modified":"2023-09-28T19:00:28","modified_gmt":"2023-09-28T23:00:28","slug":"blue-world-acquisition-corporation-announces-extension-of-the-deadline-for-an-initial-business-combination-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-world-acquisition-corporation-announces-extension-of-the-deadline-for-an-initial-business-combination-3\/","title":{"rendered":"Blue World Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">New York, Sept.  28, 2023  (GLOBE NEWSWIRE) &#8212; Blue World Acquisition Corporation (the \u201cCompany\u201d) (NASDAQ: BWAQ) today announced that, in order to extend the date by which the Company mush complete its initial business combination from October 2, 2023 to November 2, 2023, an aggregate of $60,000 (the \u201cExtension Fee\u201d) has been deposited into the Company\u2019s trust account (the \u201cTrust Account\u201d). The Company issued an unsecured promissory note to Blue World Holdings Limited, the sponsor of the Company, for the deposit of the Extension Fee.<\/p>\n<p align=\"justify\">\n        <strong>About Blue World Acquisition Corporation<\/strong>\n      <\/p>\n<p align=\"justify\">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.<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">This press release includes \u201cforward-looking statements\u201d that involve risks and uncertainties that could cause actual results to differ materially from what is expected, including the funding of the Trust Account to further\u00a0extend\u00a0the period for the Company to consummate an initial business combination, if needed. Words such as \u201cexpects,\u201d \u201cbelieves,\u201d \u201canticipates,\u201d \u201cintends,\u201d \u201cestimates,\u201d \u201cseeks,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cplan,\u201d \u201cpossible,\u201d \u201cshould\u201d and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements relate to future events or future results, based on currently available information and reflect the Company\u2019s management\u2019s current beliefs. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements. In addition, please refer to the Risk Factors section of the Company\u2019s Form 10-K and its Quarterly Reports on Form 10-Q for additional information identifying important factors that could cause actual results to differ materially from those anticipated in the forward looking statements. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward looking statements whether as a result of new information, future events or otherwise.<\/p>\n<p>\n        <strong>Contact\u00a0Information:<\/strong><\/p>\n<p>Liang (Simon) Shi<br \/>Chairman and Chief Executive Officer<br \/>Email: liang.shi@zeninpartners.com<br \/>Tel: (646) 998-9582<\/p>\n<p>Investor Relations:<br \/>Jingwen Zhu<br \/>Associate<br \/>Email: jingwenzhu@zeninpartners.com<br \/>Tel: 86 13671834329<\/p>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkzMDYzNCM1ODM4NTQzIzUwMDA5OTgyMA==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/ZDM4OWY4MTYtNWI0OC00NTIzLThlNzItYjE1ZDY5MzAyZTA4LTUwMDA5OTgyMA==\/tiny\/Blue-World-Acquisition-Corp.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>New York, Sept. 28, 2023 (GLOBE NEWSWIRE) &#8212; Blue World Acquisition Corporation (the \u201cCompany\u201d) (NASDAQ: BWAQ) today announced that, in order to extend the date by which the Company mush complete its initial business combination from October 2, 2023 to November 2, 2023, an aggregate of $60,000 (the \u201cExtension Fee\u201d) has been deposited into the Company\u2019s trust account (the \u201cTrust Account\u201d). The Company issued an unsecured promissory note to Blue World Holdings Limited, the sponsor of the Company, for the deposit of the Extension Fee. 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/blue-world-acquisition-corporation-announces-extension-of-the-deadline-for-an-initial-business-combination-3\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Blue World Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-786953","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Blue World Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/blue-world-acquisition-corporation-announces-extension-of-the-deadline-for-an-initial-business-combination-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blue World Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New York, Sept. 28, 2023 (GLOBE NEWSWIRE) &#8212; Blue World Acquisition Corporation (the \u201cCompany\u201d) (NASDAQ: BWAQ) today announced that, in order to extend the date by which the Company mush complete its initial business combination from October 2, 2023 to November 2, 2023, an aggregate of $60,000 (the \u201cExtension Fee\u201d) has been deposited into the Company\u2019s trust account (the \u201cTrust Account\u201d). The Company issued an unsecured promissory note to Blue World Holdings Limited, the sponsor of the Company, for the deposit of the Extension Fee. 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 &hellip; Continue reading &quot;Blue World Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/blue-world-acquisition-corporation-announces-extension-of-the-deadline-for-an-initial-business-combination-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-28T23:00:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkzMDYzNCM1ODM4NTQzIzUwMDA5OTgyMA==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/blue-world-acquisition-corporation-announces-extension-of-the-deadline-for-an-initial-business-combination-3\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/blue-world-acquisition-corporation-announces-extension-of-the-deadline-for-an-initial-business-combination-3\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Blue World Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination\",\"datePublished\":\"2023-09-28T23:00:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/blue-world-acquisition-corporation-announces-extension-of-the-deadline-for-an-initial-business-combination-3\\\/\"},\"wordCount\":382,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/blue-world-acquisition-corporation-announces-extension-of-the-deadline-for-an-initial-business-combination-3\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODkzMDYzNCM1ODM4NTQzIzUwMDA5OTgyMA==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/blue-world-acquisition-corporation-announces-extension-of-the-deadline-for-an-initial-business-combination-3\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/blue-world-acquisition-corporation-announces-extension-of-the-deadline-for-an-initial-business-combination-3\\\/\",\"name\":\"Blue World Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination - 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The Company issued an unsecured promissory note to Blue World Holdings Limited, the sponsor of the Company, for the deposit of the Extension Fee. 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 &hellip; Continue reading \"Blue World Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-world-acquisition-corporation-announces-extension-of-the-deadline-for-an-initial-business-combination-3\/","og_site_name":"Market Newsdesk","article_published_time":"2023-09-28T23:00:28+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkzMDYzNCM1ODM4NTQzIzUwMDA5OTgyMA==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-world-acquisition-corporation-announces-extension-of-the-deadline-for-an-initial-business-combination-3\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-world-acquisition-corporation-announces-extension-of-the-deadline-for-an-initial-business-combination-3\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Blue World Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination","datePublished":"2023-09-28T23:00:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-world-acquisition-corporation-announces-extension-of-the-deadline-for-an-initial-business-combination-3\/"},"wordCount":382,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-world-acquisition-corporation-announces-extension-of-the-deadline-for-an-initial-business-combination-3\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkzMDYzNCM1ODM4NTQzIzUwMDA5OTgyMA==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-world-acquisition-corporation-announces-extension-of-the-deadline-for-an-initial-business-combination-3\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/blue-world-acquisition-corporation-announces-extension-of-the-deadline-for-an-initial-business-combination-3\/","name":"Blue World Acquisition Corporation Announces Extension of the Deadline for an Initial Business Combination - 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