Ace Global Business Acquisition Ltd: debt financing — Ace Global extends business combination deadline to Feb 8, 2024 with $98,859 trust deposit

Ace Global Business Acquisition Ltd

Sponsor deposited $98,858.95 into trust account, ~$0.05 per ordinary share, for one-month extension.
Extension moves deadline from January 9, 2024 to February 8, 2024.
Company issued non-interest-bearing promissory note to sponsor, convertible into units at $10.00 per unit upon business combination.
Extension provides additional time to complete a business combination.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

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

Exact text from the filing

On January 2, 2024, 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”)

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283 debt financings filed in the last 30 days. Browse all debt financings →

Source: SEC EDGAR

accession 0001213900-24-000436

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