---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-083657"
form_type: "8-K"
ticker: null
cik: "0001844389"
company_name: "Ace Global Business Acquisition Ltd"
filed_at: "2023-11-06T23:59:59+00:00"
generated_at: "2026-06-08T21:28:49.372674+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Ace Global extends business combination deadline to Dec 8, 2023 with $98,859 sponsor deposit

## Summary
- Sponsor deposited $98,858.95 into trust account to extend deadline one month from Nov 9 to Dec 8, 2023.
- Company issued unsecured promissory note to sponsor for same amount; no interest, convertible at $10/unit.
- Extension provides additional time to complete a business combination.

## SEC filing metadata
- accession: 0001213900-23-083657
- form_type: 8-K
- cik: 0001844389
- company_name: Ace Global Business Acquisition Ltd
- filed_at: 2023-11-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1844389/000121390023083657/0001213900-23-083657-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844389/000121390023083657/ea187759-8k_aceglobal.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-083657
- JSON: https://secwatch.observer/filing/0001213900-23-083657.json
- Plain text: https://secwatch.observer/filing/0001213900-23-083657.txt

## Key facts
- Debt Financings
  Ace Global Business Acquisition Ltd incurred loan of $98,858.95 with Ace Global Investment Limited at does not bear interest maturing upon the closing of a business combination by the Company.
  - Instrument: loan
  - Principal: $98,858.95
  - Counterparty: Ace Global Investment Limited
  - Rate: does not bear interest
  - Maturity: upon the closing of a business combination by the Company
  - Event: incurrence
  source text: On November 2, 2023, Ace Global Business Acquisition Limited (the “Company”) issued an unsecured promissory note in the aggregate principal amount of $98,858.95 (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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1844389/000121390023083657/0001213900-23-083657-index.htm

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