---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-087722"
form_type: "8-K"
ticker: null
cik: "0001844389"
company_name: "Ace Global Business Acquisition Ltd"
filed_at: "2023-11-16T23:59:59+00:00"
generated_at: "2026-06-08T01:26:43.585578+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# ACBA deposits $98.9K into trust, extends business combination deadline to Jan 8, 2024

## Summary
- Sponsor deposited $98,858.95 into trust to extend deadline from Dec 9, 2023 to Jan 8, 2024.
- Company issued unsecured promissory note to sponsor; no interest, convertible into units at $10/unit.
- Note principal of $98,858.95 equates to ~$0.05 per ordinary share.
- Extension provides additional time to complete a business combination.

## SEC filing metadata
- accession: 0001213900-23-087722
- form_type: 8-K
- cik: 0001844389
- company_name: Ace Global Business Acquisition Ltd
- filed_at: 2023-11-16T23:59:59+00:00
- event_type: debt
- 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/1844389/000121390023087722/0001213900-23-087722-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844389/000121390023087722/ea188573-8k_aceglobal.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-087722
- JSON: https://secwatch.observer/filing/0001213900-23-087722.json
- Plain text: https://secwatch.observer/filing/0001213900-23-087722.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.
  - Instrument: loan
  - Principal: $98,858.95
  - Counterparty: Ace Global Investment Limited
  - Rate: does not bear interest
  - Maturity: upon the closing of a business combination
  - Event: incurrence
  source text: On November 14, 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 in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from December 9, 2023 to January 8, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1844389/000121390023087722/0001213900-23-087722-index.htm

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