Blue World Acquisition closed initial public offering of 9.2 million units at $10 per unit, including 1.2 million units issued pursuant to the full exercise of the underwriter’s over-allotment option. Each unit consists of one Class A ordinary share, one-half of a warrant, and one right. Ten rights entitle the holder to receive one share upon closing of a business combination.
Units trade on the Nasdaq under the ticker symbol BWAQU. Once the securities begin separate trading, the Class A ordinary shares, warrants and rights are expected to list under the symbols BWAQ, BWAQW and BWAQR, respectively.
Maxim was sole book-running manager for the offering.
Blue World will pursue an acquisition primarily in the marine leisure, cruise, marine infrastructure and engineering, general hospitality, travel and tourism, marine services, logistics and supply chain, offshore energy solutions and related industry segments. Read more.
