---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-056931"
form_type: "8-K"
ticker: null
cik: "0001844389"
company_name: "Ace Global Business Acquisition Ltd"
filed_at: "2023-07-14T23:59:59+00:00"
generated_at: "2026-06-13T08:22:57.267470+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# SPAC Ace Global Business Acquisition extends business combination deadline to Sep 8, 2023

## Summary
- Sponsor deposited $116,777.35 into trust account (~$0.05 per share) to extend period by one month.
- New deadline to complete business combination is September 8, 2023 (from August 9, 2023).
- Company issued non-interest-bearing promissory note to sponsor, convertible into units at $10/unit upon closing.
- Extension provides additional time to finalize a business combination.

## SEC filing metadata
- accession: 0001213900-23-056931
- form_type: 8-K
- cik: 0001844389
- company_name: Ace Global Business Acquisition Ltd
- filed_at: 2023-07-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1844389/000121390023056931/0001213900-23-056931-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844389/000121390023056931/ea181760-8k_aceglobal.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-056931
- JSON: https://secwatch.observer/filing/0001213900-23-056931.json
- Plain text: https://secwatch.observer/filing/0001213900-23-056931.txt

## Key facts
- Debt Financings
  Ace Global Business Acquisition Ltd incurred loan of $116,777.35 with Ace Global Investment Limited at does not bear interest maturing matures upon the closing of a business combination.
  - Instrument: loan
  - Principal: $116,777.35
  - Counterparty: Ace Global Investment Limited
  - Rate: does not bear interest
  - Maturity: matures upon the closing of a business combination
  - Event: incurrence
  source text: On July 13 th , 2023, Ace Global Business Acquisition Limited (the “Company”) issued an unsecured promissory note in the aggregate principal amount of $116,777.35 (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 one (1) month period, from August 9, 2023 to September 8, 2023. The Note does not bear interest and matures upon the closing of a business combination by the Company. In addition, the Note may be converted by the holder into units of the Company identical to the units issued in the Company’s initial public offering at a price of $10.00 per unit.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1844389/000121390023056931/0001213900-23-056931-index.htm

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