SPAC · Merger completed
Blue World Acquisition Corp
Business combination with Vietnam Sunergy Cell Company Limited and affiliates
Blue World Acquisition Corp is a blank-check company (SPAC) that raised $80M in its initial public offering on Jan 31, 2022, listing on Nasdaq Global Market. It completed its business combination with Vietnam Sunergy Cell Company Limited and affiliates on Jul 1, 2024; the combined company is TOYO Co., Ltd (TOYO). Robinson & Cole advised the SPAC and Loeb & Loeb advised the underwriters on the IPO.
Vietnam Sunergy Cell Company Limited, known as TOYO Solar, is an indirect subsidiary of Fuji Solar that aims to be a full-service solar provider in the United States and globally, spanning wafer, solar cell and PV module production.
- Status
- Merger completed
- IPO date
- Jan 31, 2022
- IPO size
- $80M
- IPO exchange
- Nasdaq Global Market
- Target
- Vietnam Sunergy Cell Company Limited and affiliates
- Announced
- Feb 6, 2024
- Closed
- Jul 1, 2024
- Combined company
- TOYO Co., Ltd (TOYO)
- SPAC counsel (IPO)
- Robinson & Cole and Ogier
- Underwriters' counsel (IPO)
- Loeb & Loeb
More on this SPAC for subscribers
- Trust balance and value per share
- Redemptions at each extension and at the merger vote
- Liquidation deadline and extension history
- Merger proxy, registration statement and investor presentation
- Analyst notes from the filings
Every record in the database also has its full filing timeline, a daily-updated calendar, watchlist alerts and Excel export.
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Filings
- IPO prospectus (424B4) Jan 31, 2022
- Deal announcement (8-K) Feb 6, 2024
- Press release
- All filings on EDGAR CIK 1878074
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