0001013762-23-006315.txt : 20231024
0001013762-23-006315.hdr.sgml : 20231024
20231024164119
ACCESSION NUMBER: 0001013762-23-006315
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231020
FILED AS OF DATE: 20231024
DATE AS OF CHANGE: 20231024
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Blue World Holdings Ltd
CENTRAL INDEX KEY: 0001892597
STATE OF INCORPORATION: K3
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-41256
FILM NUMBER: 231343101
BUSINESS ADDRESS:
STREET 1: ROOM 301, NO. 3 LANE 1249
STREET 2: YU YUAN ROAD, CHANG NING DISTRICT
CITY: SHANGHAI
STATE: F4
ZIP: 200050
BUSINESS PHONE: 86-13816397786
MAIL ADDRESS:
STREET 1: ROOM 301, NO. 3 LANE 1249
STREET 2: YU YUAN ROAD, CHANG NING DISTRICT
CITY: SHANGHAI
STATE: F4
ZIP: 200050
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Blue World Acquisition Corp
CENTRAL INDEX KEY: 0001878074
STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770]
IRS NUMBER: 000000000
STATE OF INCORPORATION: E9
FISCAL YEAR END: 0630
BUSINESS ADDRESS:
STREET 1: 244 FIFTH AVENUE, SUITE B-88
CITY: NEW YORK
STATE: NY
ZIP: 10001
BUSINESS PHONE: 212-726-2880
MAIL ADDRESS:
STREET 1: 244 FIFTH AVENUE, SUITE B-88
CITY: NEW YORK
STATE: NY
ZIP: 10001
4
1
ownership.xml
X0508
4
2023-10-20
0
0001878074
Blue World Acquisition Corp
BWAQ
0001892597
Blue World Holdings Ltd
I/C/O BLUE WORLD ACQUISITION CORPORATION
244 FIFTH AVENUE, SUITE B-88
NEW YORK
NY
10001
0
0
1
0
0
Class B Ordinary Shares
2023-10-20
4
S
0
400000
1200000.00
D
1880000
D
Class B ordinary shares will automatically convert into Class A ordinary shares on one-for-one basis, subject to certain adjustments as provided in the amended and restated memorandum and articles of association of Blue World Acquisition Corporation (the "Issuer") upon the consummation of an initial business combination.
Representing 400,000 Class B ordinary shares that Blue World Holdings Limited (the "Sponsor") transferred to one of its members pursuant to certain sponsor support agreement and the agreement and plan of merger dated August 10, 2023 (the "Transfer"). In May 2023, the Sponsor issued 2,500 of its preference shares to one of its members for the purchase price of $1,200,000 in connection with a proposed business combination. Each preference share of the Sponsor entitles such member to receive 160 Class B ordinary shares of the Issuer.
Sponsor, a Hong Kong private company limited by shares, is the record holder of the insider shares reported herein. Sponsor is governed by a board of managers consisting of five members. Each member has one vote, and the approval of a majority of the board is required to approve an action of the Sponsor. Under the so-called "rule of three," if voting and dispositive decisions regarding an entity's securities are made by three or more individuals, and a voting or dispositive decision requires the approval of a majority of those individuals, then no individual is deemed a beneficial owner of the entity's securities. Therefore, no director of Sponsor exercises voting or dispositive control over any of the securities held by Sponsor, even those in which he or she directly holds a pecuniary interest. Accordingly, none of them are deemed to have or share beneficial ownership of such shares.
As previously reported on the Form 3 of the Sponsor dated February 2, 2023, immediately prior to the Transfer, the Sponsor held an aggregate of 2,280,000 Class B ordinary share of the Issuer. As a result of this Transfer, the Sponsor currently holds 1,880,000 Class B ordinary share of the Issuer.
/s/ Liang Shi Liang Shi, Director
2023-10-24