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]
TOYO Co., Ltd Announces Consummation of Business Combination and Debut on Nasdaq