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Global IBO Group (GIBO), an integrated AIGC animation platform provider, has announced a definitive business combination agreement with Bukit Jalil Global Acquisition 1 (BUJA). Upon completion, the combined company will be renamed GIBO Holdings and listed on Nasdaq. The transaction involves a merger structure where GIBO and Bukit Jalil Global will become subsidiaries of the new entity. Shareholders will receive Class A ordinary shares, while certain GIBO shareholders (Founders) will receive Class B shares with 20 votes per share.
Key points:
- Transaction subject to regulatory and shareholder approvals
- Aims to enhance technology innovation and global market expansion
- GIBO focuses on AI-driven technologies for content creators
- Bukit Jalil Global brings capital management expertise
Bukit Jalil Global Acquisition 1 (NASDAQ: BUJA) announced the adjournment of its Extraordinary General Meeting from June 28, 2024, to June 29, 2024, at 9:00 p.m. Eastern Time to allow additional engagement with shareholders. The meeting’s location, record date, and proposals remain unchanged. Shareholders as of May 23, 2024, can still vote, even if they have sold their shares. The company encourages shareholders to vote promptly. If the MAA Amendment Proposal and Trust Amendment Proposal are approved, reversals of redemption requests will be accepted until July 3, 2024. For further questions, shareholders can contact BUJA’s proxy solicitor, Advantage Proxy, Inc.
Bukit Jalil Global Acquisition 1 (NASDAQ: BUJA) announces changes to the terms of its proposed charter and trust agreement amendments, which will be discussed at an extraordinary general meeting on June 28, 2024. The revised terms include a Monthly Extension Fee of $100,000, allowing the company to extend its deadline to complete a business combination by one month, up to June 30, 2025. The first payment must be made by June 30, 2024, with subsequent payments due on the last day of each month. This extension aims to provide BUJA with additional time to execute its initial business combination.
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