TOYO Co., Ltd Announces Consummation Of Business Combination With Blue World Acquisition Corp

Ordinary Shares of TOYO Co., Ltd to Trade on Nasdaq under the Ticker Symbol "TOYO"

NEW YORK, NY, July 01, 2024 (GLOBE NEWSWIRE) -- TOYO Co., Ltd ("TOYO" or the "Company"), a solar solution company, and Blue World Acquisition Corporation ("Blue World") (NASDAQ:BWAQ) today announced the completion of the previously announced business combination (the "Business Combination") between Vietnam Sunergy Cell Company Limited, a wholly-owned subsidiary of TOYO, and Blue World. The listed company following the Business Combination is TOYO Co., Ltd. The ordinary shares of TOYO are expected to commence trading on the Nasdaq on July 2, 2024, under the ticker symbol "TOYO." The warrants of TOYO are expected to commence trading on the OTC Markets.