Blue World Acquisition in an 8-K said it issued a promissory note to its sponsor for a loan of up to $400,000 for working capital. The note is convertible into the SPAC’s units at $10 each.
The SPAC raised $92 million in a February IPO. Blue World is targeting 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.
