Blue World Acquisition Extends Initial Business Combination Deadline

Written by Stephen Nacrosis

Blank check company Blue World Acquisition has extended the deadline by which it must complete its initial business combination to March 2.
Last August, Blue World Acquisition and solar power solutions company Vietnam Sunergy Cell Co. signed a business combination agreement.  According to the SPAC, this partnership will make Vietnam Sanergy a listed company.

The payment for the extension fee was made by Fuji Solar Co, an indirect major shareholder of Vietnam Sunergy Cell.
Blue World Acquisition filed for an $80 million initial public offering in December 2021. At the time, the company said it planned to focus its business exploration on areas such as marine leisure, cruise, travel and tourism, general hospitality, logistics and supply. chains, marine energy solutions, etc.
The Company’s division began trading on the Nasdaq on January 31, 2022.
Email Stephen Nakrosis at stephen.nakrosis@wsj.com.