Blue World Acquisition Corporation Announces Liquidation of Investments Held in the Trust Account into Cash

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 ...