Blue World Acquisition Corporation announced the pricing of its $80 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BWAQU” Monday, January 31.
The new SPAC intends to focus on opportunities in marine leisure, cruise, marine infrastructure and engineering, general hospitality, travel and tourism, and related industry segments globally. Blue World is led by Chairman and Chief Executive Officer, Liang (Simon) Shi.
Total SPAC deal count for 2022 year-to-date is now 24. This offering is expected to close on Wednesday, February 2.
Maxim Group LLC is acting as the sole book-running manager for the offering. Robinson & Cole LLP is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. Marcum Bernstein & Pinchuk LLP serves as auditor. Continental Stock Transfer & Trust Company, LLC is acting as trustee.
Terms Tracker for the Week Ending September 6, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. It was a short holiday week and while it was light on filings, SPACs did manage to price two IPOs. That means 2024 has now...
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