Blue World Acquisition intends to extend its business combination deadline by three months from Feb. 2 until May 2.
Management would deposit $920,000 (10 cents a share) into the SPAC’s trust for the three-month extension. Blue World’s governing documents allow up to three such extensions with the same cash deposit up to Nov 2.
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. The SPAC raised $92 million in an IPO a year ago. Read more.
