Blue World Acquisition Corporation (BWAQU) Prices $80M IPO

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.