| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | BWAQ | Class B Ordinary Shares | Sale | -$480B | -400K | -17.54% | $1,200,000.00* | 1.88M | Oct 20, 2023 | Direct | F1, F2, F3, F4 |
| Id | Content |
|---|---|
| F1 | 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. |
| F2 | 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. |
| F3 | 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. |
| F4 | 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. |