TOYO Solar, a solar solution company, agreed to go public via a SPAC merger with Blue World Acquisition, a publicly traded special purpose acquisition company. Financial terms were not disclosed. "We are delighted to announce our proposed business combination with TOYO Solar. We anticipate that the proposed business combination with TOYO Solar will enhance the prospective group’s commitment to a sustainable future of the world and being a competitive and responsible contributor in the renewable energy supply chain safety," Liang Shi, Blue World Chief Executive Officer.