Blue World Acquisition Secures Merger Extension with Fuji Solar Support

Blue World Acquisition Corp. Class A (BWAQ) has released an update to notify the public and investors about an entry into a material definitive agreement.

Blue World Acquisition Corporation (BWAQ) has amended its merger agreement to include additional support from Fuji Solar, which has agreed to fund extensions for BWAQ’s SPAC term until the merger’s completion. This financial backing reflects a commitment by Fuji Solar to deposit funds into BWAQ’s trust account, ensuring an extension from February to April 2024. Moreover, Fuji Solar has the option to convert the extension funds into SPAC units at a set price or receive repayment upon the merger’s closure. This strategic move indicates strengthened ties and financial assurance between the involved entities, fostering investor confidence in the anticipated business combination.

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For a comprehensive understanding of the announcement, you can read the full document here.