secwatch.observer — SEC 8-K summary
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Issuer:     Ace Global Business Acquisition Ltd (—)
CIK:        0001844389
Form:       8-K
Filed at:   2023-11-16T23:59:59+00:00
Accession:  0001213900-23-087722
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844389/000121390023087722/0001213900-23-087722-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844389/000121390023087722/ea188573-8k_aceglobal.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-087722

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