Business Combination and Listing - TOYO Co Ltd and Blue World Acquisition Corporation have completed their business combination, resulting in TOYO becoming a US-listed company [2] - TOYO's ordinary shares will commence trading on Nasdaq under the ticker symbol "TOYO" starting July 2, 2024 [2] - The business combination was approved by Blue World's shareholders on May 28, 2024, with all closing conditions met [3] Company Overview and Strategy - TOYO is a solar solution company aiming to become a reliable full-service provider in the global market [6] - The company integrates upstream production of wafer and silicon, midstream production of solar cells, and downstream production of photovoltaic modules [6] - TOYO is well-positioned to produce high-quality solar cells at competitive scale and cost [6] Leadership Perspectives - TOYO's CEO Junsei Ryu emphasized the company's commitment to green energy and global expansion through the Nasdaq listing [4] - Blue World's CEO Liang Shi highlighted TOYO's rapid growth and potential to strengthen its brand and access capital through the listing [4] Advisory and Legal Support - Cooley LLP served as US legal advisor to TOYO, while Robinson & Cole LLP advised Blue World [5] - Beyond Capital acted as financial advisor to TOYO for the business combination [5]

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 exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. About TOYO Solar New York, May 16, 2024 (GLOBE NEWSWIRE) -- Blue World Acquisition Corporation ("Blue World") (NASDAQ: BWAQ) today announced that Ma ...

i NOTE 1 — ORGANIZATION, BUSINESS OPERATIONS, AND GOING CONCERN On May 2, 2023, the Company held the May 2023 Meeting at which the Company's shareholders approved the adoption of the Second Amended and Restated Memorandum and Articles of Association of the Company, which provides that the Company has until May 2, 2023 to complete an initial Business Combination, and may elect to extend the period to consummate an initial Business Combination up to nine times, each by an additional one-month extension, for a ...

New York, April 15, 2024 (GLOBE NEWSWIRE) -- Blue World Acquisition Corporation ("Blue World") (NASDAQ:BWAQ) today announced that it postponed the extraordinary general meeting (the "Extraordinary General Meeting") pending the Post-Effective Amendment (as defined below) in connection with the proposed business combination (the "Business Combination") between Blue World and Vietnam Sunergy Cell Company Limited, a Vietnamese company ("TOYO Solar"). Prior to the Extraordinary General Meeting, TOYO Co., Ltd, a ...

As of December 31, 2023, we had cash outside the Trust Account of $70,134 available for working capital needs. All remaining cash is held in the Trust Account and is generally unavailable for our use, prior to an initial Business Combination, and is restricted for use either in a Business Combination or to redeem the ordinary shares. As of December 31, 2023, none of the amount on deposit in the Trust Account was available to be withdrawn as described above. 28 As of December 31, 2023, we had cash of $70,134 ...

New York, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Blue World Acquisition Corporation (the "Blue World") (NASDAQ:BWAQ) today announced that, in order to extend the date by which Blue World must complete its initial business combination from February 2, 2024 to March 2, 2024, an aggregate of $60,000 (the "Extension Fee") has been deposited into Blue World's trust account (the "Trust Account"). The payment for the Extension Fee was made by Fuji Solar Co., Ltd ("Fuji Solar"), an indirect major shareholder of Vietnam ...

New York, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Blue World Acquisition Corporation (the "Company") (NASDAQ:BWAQ) today announced that it has instructed Continental Stock Transfer & Trust Company (the "Trustee") to liquidate the U.S. government treasury obligations and money market funds held in its trust account (the "Trust Account") by January 31, 2024 and will hold all the funds from the Trust Account in cash at an interest bearing bank demand deposit account. The determination was made by the Company to miti ...

Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☒ Emerging Growth Company ☒ TABLE OF CONTENTS | --- | --- | --- | --- | --- | |---------------------------------|-------|---------------------------------------------------|-------|-----------------------------------| | Assets Current assets: \nCash | | September 30, 2023 \n(Unaudited) \n$ 50,517 | $ | June 30, 2023 \n(Audited) \n746 | | Prepaid expenses | | 127,118 | | 35,862 | | Total Current Assets | | 177,635 ...

☒ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 BLUE WORLD ACQUISITION CORPORATION (Exact name of registrant as specified in its charter) | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Cayman Islands N/A (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...