Ace Global Business Acquisition Limited Announces Extension of Combination Period and Additional Contribution to Trust Account to Extend Combination Period
New York, Jan. 09, 2023 (GLOBE NEWSWIRE) -- 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 January 5, 2023 (the “Meeting”), the Company’s shareholders voted in favor of the proposal to amend its memorandum and articles of association, giving the Company the right to extend the date by which the Company has to complete a business combination (the “Combination Period”) a total of five (5) times, as follows: (i) two (2) times for an additional three (3) months each time from January 8, 2023 to July 8, 2023, followed by (ii) three (3) times for an additional one (1) month each time from July 8, 2023 to October 8, 2023. On January 5, 2023, Ace Global Investment Limited, the Company’s initial public offering sponsor (“Sponsor”), deposited into the Company’s trust account (the “Trust Account”) an aggregate of
About Ace Global Business Acquisition Limited
Ace Global Business Acquisition Limited is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Forward Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company’s initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Contact:
Ace Global Business Acquisition Limited
Investor Relationship Department
+852 9086 7042