Core Points - Ace Global Business Acquisition Limited, a special purpose acquisition company, received shareholder approval to amend its memorandum and articles of association, allowing for a total of six extensions of one month each to complete a business combination, extending the deadline from April 8, 2024, to October 8, 2024 [1] - The Company has deposited $30,000 into its trust account to extend the deadline for an additional month, from April 8, 2024, to May 8, 2024 [1] - A promissory note was issued to the Sponsor for the deposited amount, which is convertible into the Company's units at a price of $10.00 per unit upon the closing of a business combination [1] Company Overview - 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 Extension of Combination Period and Additional Contribution to Trust Account to Extend Combination Period