---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-016283"
form_type: "8-K"
ticker: null
cik: "0001844389"
company_name: "Ace Global Business Acquisition Ltd"
filed_at: "2024-02-23T23:59:59+00:00"
generated_at: "2026-06-05T17:28:05.846543+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# SPAC Ace Global extends business combination deadline to April 8, 2024 with $98,859 sponsor loan

## Summary
- Sponsor deposited $98,858.95 into trust to extend period from March 9 to April 8, 2024.
- Company issued unsecured promissory note to sponsor, no interest, convertible at $10/unit upon business combination.
- Extension provides additional month to complete initial business combination.
- Note convertible into units identical to IPO units (one ordinary share + one warrant).

## SEC filing metadata
- accession: 0001213900-24-016283
- form_type: 8-K
- cik: 0001844389
- company_name: Ace Global Business Acquisition Ltd
- filed_at: 2024-02-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1844389/000121390024016283/0001213900-24-016283-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844389/000121390024016283/ea0200463-8k_aceglobal.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-016283
- JSON: https://secwatch.observer/filing/0001213900-24-016283.json
- Plain text: https://secwatch.observer/filing/0001213900-24-016283.txt

## Key facts
- Debt Financings
  Ace Global Business Acquisition Ltd incurred loan of $98,858.95 with Ace Global Investment Limited maturing upon the closing of a business combination.
  - Instrument: loan
  - Principal: $98,858.95
  - Counterparty: Ace Global Investment Limited
  - Maturity: upon the closing of a business combination
  - Event: incurrence
  source text: On February 22, 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 March 9, 2024 to April 8, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1844389/000121390024016283/0001213900-24-016283-index.htm

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