Ace Global Business Acquisition Ltd

ACBA

Market cap $41.3M

NEW YORK , May 24, 2024 /PRNewswire/ -- Ace Global Business Acquisition Limited (NASDAQ: ACBA) (the "Company"), a special purpose acquisition company, announced today that the Business Combination Agreement dated December 23, 2022 between the Company and LE Worldwide Limited, a British Virgin Islands business company ("LE Worldwide") (as supplemented by a Joinder Agreement dated March 2, 2023 between the Company, LE Worldwide, ACBA Merger Sub I Limited, a British Virgin Islands business company and wholly owned subsidiary of the Company ("Purchaser") and ACBA Merger Sub II Limited, a British Virgin Islands business company and wholly owned subsidiary of Purchaser ("Merger Sub") and as amended on July 6, 2023 and September 19, 2023) (the "Merger Agreement") has been mutually terminated and that the Company is ceasing its business combination efforts. On May 24, 2024, the Company, Purchaser, Merger Sub and LE Worldwide entered into a Mutual Termination Agreement (the "Mutual Termination Agreement") pursuant to which the Company, Purchaser, Merger Sub and LE Worldwide agreed to mutually terminate the Merger Agreement in all respects in accordance with Section 14.1(a) of the Merger Agreement.

NEW YORK , April 17, 2024 /PRNewswire/ -- Ace Global Business Acquisition Limited (NASDAQ: ACBA) (the "Company"), a special purpose acquisition company, announced today that Ace Global Investment Limited, the Company's initial public offering sponsor (the "Sponsor"), has deposited into the Company's trust account (the "Trust Account") an aggregate of $30,000 (representing the lesser of (i) $30,000 and (ii) an aggregate amount equal to $0.033 multiplied by the number of issued and outstanding Company ordinary shares issued in the Company's initial public offering that has not been redeemed), in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from May 9, 2024 to June 8, 2024. The Company issued a promissory note to the Sponsor with a principal amount equal to the amount deposited.

NEW YORK , April 8, 2024 /PRNewswire/ -- Ace Global Business Acquisition Limited (NASDAQ: ACBA) (the "Company"), a special purpose acquisition company, announced today that at its annual general meeting of shareholders on April 2, 2024, the Company's shareholders voted in favor of the proposal to amend and restate its amended and restated memorandum and articles of association, giving the Company the right to extend the date by which the Company has to complete a business combination a total of six (6) times for an additional one (1) month each time from April 8, 2024 to October 8, 2024. On April 5, 2024, Ace Global Investment Limited, the Company's initial public offering sponsor (the "Sponsor"), has deposited into the Company's trust account (the "Trust Account") an aggregate of $30,000 (representing the lesser of (i) $30,000 and (ii) an aggregate amount equal to $0.033 multiplied by the number of issued and outstanding Company ordinary shares issued in the Company's initial public offering that has not been redeemed), in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from April 8, 2024 to May 8, 2024.

NEW YORK , Feb. 23, 2024 /PRNewswire/ -- Ace Global Business Acquisition Limited (NASDAQ: ACBA) (the "Company"), a special purpose acquisition company, announced today that Ace Global Investment Limited, the Company's initial public offering sponsor (the "Sponsor"), has deposited into the Company's trust account (the "Trust Account") an aggregate of $98,858.95 representing, approximately $0.05 per ordinary share, in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from March 9, 2024 to April 8, 2024. The Company issued a promissory note to the Sponsor with a principal amount equal to the amount deposited.

NEW YORK , Jan. 30, 2024 /PRNewswire/ -- Ace Global Business Acquisition Limited (NASDAQ: ACBA) (the "Company"), a special purpose acquisition company, announced today that Ace Global Investment Limited, the Company's initial public offering sponsor (the "Sponsor"), has deposited into the Company's trust account (the "Trust Account") an aggregate of $98,858.95 representing, approximately $0.05 per ordinary share, in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from February 9, 2024 to March 8, 2024. The Company issued a promissory note to the Sponsor with a principal amount equal to the amount deposited.

NEW YORK , Jan. 3, 2024 /PRNewswire/ -- Ace Global Business Acquisition Limited (NASDAQ: ACBA) (the "Company"), a special purpose acquisition company, announced today that Ace Global Investment Limited, the Company's initial public offering sponsor (the "Sponsor"), has deposited into the Company's trust account (the "Trust Account") an aggregate of $98,858.95 representing, approximately $0.05 per ordinary share, in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from January 9, 2024 to February 8, 2024. The Company issued a promissory note to the Sponsor with a principal amount equal to the amount deposited.

NEW YORK , Nov. 16, 2023 /PRNewswire/ -- Ace Global Business Acquisition Limited (NASDAQ: ACBA) (the "Company"), a special purpose acquisition company, announced today that Ace Global Investment Limited, the Company's initial public offering sponsor (the "Sponsor"), has deposited into the Company's trust account (the "Trust Account") an aggregate of $98,858.95 representing, approximately $0.05 per ordinary share, in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from December 9, 2023 to January 8, 2024. The Company issued a promissory note to the Sponsor with a principal amount equal to the amount deposited.