BWAQ - Vietnam Sunergy Cell to go public through merger with SPAC Blue World Acquisition Corp

2023-08-10 09:02:29 ET

• Vietnam Sunergy Cell (TOYO Solar), a solar solution company is going public via a business combination with special purpose acquisition company Blue World Acquisition Corporation ( NASDAQ: BWAQ ).
• TOYO Solar operates out of Phu Tho Province, Vietnam and its core operations involve the manufacturing and sales of solar cells.
• Junsei Ryu, director of TOYO Solar, commented: “The collaboration with Blue World and the proposed U.S. listing of TOYO Solar align with our strategic approach to capital raising for our global objectives.”
• The board of directors of each of Blue World and TOYO Solar as well as shareholders of TOYO Solar have approved the transactions.
• The transactions are expected to close in the first half of 2024.
• BWAQU +14.53% premarket to $12.53
• Source: Press Release

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