Monday, July 1, 2024

Equity Corporate Actions Alert #2024 - 323
(UPDATED: Closed) Information Regarding the Business Combination of Blue World Acquisition Corporation (BWAQ/R/W/U) & TOYO Co., Ltd (TOYO)

Category:

  • Industry Announcement

Markets Impacted:

Contact Information:

Resources:

The business combination of Blue World Acquisition Corporation (BWAQ/R/W/U) & TOYO Co., Ltd (TOYO) closed today, Monday, July 1, 2024. As a result of the business combination, the Class A Ordinary Shares, rights, warrants, and units of Blue World Acquisition Corporation (BWAQ/R/W/U) will be suspended from trading. The suspension details are as follows:

Company Name/Issue: Blue World Acquisition Corporation Class A Ordinary Shares
CUSIP#: G1263E102
Symbol: BWAQ
Last Trading Date: July 1, 2024
Marketplace Effective Date for Suspension: July 2, 2024
Merger Consideration: One (1) share of TOYO Co., Ltd Ordinary Share (TOYO) for every one (1) share held.
Company Name/Issue: Blue World Acquisition Corporation Right
CUSIP#: G1263E110
Symbol: BWAQR
Last Trading Date: July 1, 2024
Marketplace Effective Date for Suspension: July 2, 2024
Merger Consideration: One (1) share of TOYO Co., Ltd Ordinary Share (TOYO) for every ten (10) rights held.
Company Name/Issue: Blue World Acquisition Corporation Warrant
CUSIP#: G1263E136
Symbol: BWAQW
Last Trading Date: July 1, 2024
Marketplace Effective Date for Suspension: July 2, 2024
Merger Consideration: Business combination; One (1) TOYO Co., Ltd Warrant for eachwarrant held. See ECA#2024-322 for further details.
Company Name/Issue: Blue World Acquisition Corporation Unit
CUSIP#: G1263E128
Symbol: BWAQU
Last Trading Date: July 1, 2024
Marketplace Effective Date for Suspension: July 2, 2024
Merger Consideration: Unit will separate into its components.

As a result of the merger the combined company will list the ordinary shares (TOYO) on the Nasdaq Capital Market. The warrants will not be listed on Nasdaq. The details are as follows:

Company Name/Issue: TOYO Co., Ltd Ordinary Shares
CUSIP#: G8976D107
Symbol: TOYO
Marketplace Effective Date: July 2, 2024

If you would like to register as a market maker in TOYO contact Nasdaq Trading Services at +1 212 231 5100.



Email Alert Subscriptions:
Nasdaq offers customers the ability to self select news delivery across various Nasdaq markets. Create and maintain a profile for updating alert preferences and contact information. Visit the enrollment form on the Nasdaq Trader website and sign up today! Please note that if you choose to unsubscribe from an email list, you may no longer receive potentially critical emails from the NASDAQ Stock Market regarding Nasdaq's trading and data products, regulatory issues or marketplace initiatives. To unsubscribe, also click on the enrollment form

Please follow Nasdaq on Facebook RSS and Twitter.

Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: business.nasdaq.com.