---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-022622"
form_type: "8-K"
ticker: null
cik: "0001844389"
company_name: "Ace Global Business Acquisition Ltd"
filed_at: "2023-03-24T23:59:59+00:00"
generated_at: "2026-06-17T17:08:11.974957+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Ace Global Business Acquisition extends deadline to July 8, 2023 via $350k sponsor note

## Summary
- Sponsor deposited $350,332.05 ($0.15/share) into trust to extend business combination period by three months.
- Extension moves deadline from April 9, 2023 to July 8, 2023.
- Company issued an unsecured, non-interest-bearing promissory note to Sponsor convertible into units at $10.00 per unit upon closing.
- Funds deposited into trust to provide additional time to complete a business combination.

## SEC filing metadata
- accession: 0001213900-23-022622
- form_type: 8-K
- cik: 0001844389
- company_name: Ace Global Business Acquisition Ltd
- filed_at: 2023-03-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1844389/000121390023022622/0001213900-23-022622-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844389/000121390023022622/ea175529-8kdefa_aceglob.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-022622
- JSON: https://secwatch.observer/filing/0001213900-23-022622.json
- Plain text: https://secwatch.observer/filing/0001213900-23-022622.txt

## Key facts
- Debt Financings
  Ace Global Business Acquisition Ltd incurred loan of $350,332.05 with Ace Global Investment Limited maturing upon closing of a business combination.
  - Instrument: loan
  - Principal: $350,332.05
  - Counterparty: Ace Global Investment Limited
  - Maturity: upon closing of a business combination
  - Event: incurrence
  source text: On March 24th, 2023, Ace Global Business Acquisition Limited (the “Company”) issued an unsecured promissory note in the aggregate principal amount of $350,332.05 (the “Note”) to Ace Global Investment Limited, the Company’s initial public offering sponsor (“Sponsor”) in exchange for Sponsor depositing such amount into the Company’s trust account in order to extend the period of time the Company has to complete a business combination for an additional three (3) months period, from April 9, 2023 to July 8, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1844389/000121390023022622/0001213900-23-022622-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.