---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-007581"
form_type: "8-K"
ticker: null
cik: "0001844389"
company_name: "Ace Global Business Acquisition Ltd"
filed_at: "2024-01-30T23:59:59+00:00"
generated_at: "2026-06-06T15:13:33.109677+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Ace Global Business Acquisition extends business combination deadline to March 8, 2024 with $98.9K trust deposit

## Summary
- Sponsor deposited $98,858.95 (~$0.05/share) into trust to extend deadline from Feb 9 to Mar 8, 2024.
- Company issued unsecured, non-interest-bearing promissory note to sponsor; convertible into units at $10/unit upon business combination.
- Extension provides additional month to complete initial business combination.
- Note matures at closing of business combination; no other payments required.

## SEC filing metadata
- accession: 0001213900-24-007581
- form_type: 8-K
- cik: 0001844389
- company_name: Ace Global Business Acquisition Ltd
- filed_at: 2024-01-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1844389/000121390024007581/0001213900-24-007581-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844389/000121390024007581/ea192453-8k_aceglobal.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-007581
- JSON: https://secwatch.observer/filing/0001213900-24-007581.json
- Plain text: https://secwatch.observer/filing/0001213900-24-007581.txt

## Key facts
- Debt Financings
  Ace Global Business Acquisition Ltd incurred loan of aggregate principal amount of $98,858.95 with Ace Global Investment Limited (Sponsor) at does not bear interest maturing matures upon the closing of a business combination by the Company.
  - Instrument: loan
  - Principal: aggregate principal amount of $98,858.95
  - Counterparty: Ace Global Investment Limited (Sponsor)
  - Rate: does not bear interest
  - Maturity: matures upon the closing of a business combination by the Company
  - Event: incurrence
  source text: On January 26, 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”) 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 February 9, 2024 to March 8, 2024. 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/1844389/000121390024007581/0001213900-24-007581-index.htm

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