Key facts
- This page summarizes Blue World Holdings Ltd's Form 4 filing for Blue World Acquisition Corp.
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 24 Oct 2023, 16:41.
Blue World Holdings Ltd - 20 Oct 2023 Form 4 Insider Report for Blue World Acquisition Corp
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 20 Oct 2023
- Net transaction value
- -$480,000,000,000
- SEC form
- 4
- Accepted by SEC
- 24 Oct 2023, 16:41:19 UTC
- Prior SEC filing
- 01 Jul 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Liang Shi Liang Shi, Director
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Blue World Holdings Ltd filed Form 4 for Blue World Acquisition Corp on 24 Oct 2023.
Change
- Previous filing in this sequence was filed on 01 Jul 2024.
- Current net transaction value: -$480,000,000,000.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
BWAQ
transaction
Class B Ordinary Shares
Sale
- Transaction value
- $480,000,000,000
- Shares
- -400,000
- Change %
- -18%
- Price
- $1200000.00*
- Shares after
- 1,880,000
- Date
- 20 Oct 2023
- Ownership
- Direct
- Footnotes
- F1, F2, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote 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.
Footnote 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.
Footnote 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.
Footnote 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.