Group 1 - The company Ace Global Business Acquisition Limited has announced a deposit of $98,858.95 into its trust account to extend the deadline for completing a business combination by one month, from March 9, 2024, to April 8, 2024 [1] - The deposit represents approximately $0.05 per ordinary share, and the company issued a promissory note to the sponsor for the same amount, which is convertible into units at a price of $10.00 per unit upon the closing of a business combination [1] - The purpose of this extension is to provide additional time for the company to finalize a business combination [1] Group 2 - Ace Global Business Acquisition Limited is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more business entities [2]
Ace Global Business Acquisition Limited Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination