--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-24-031008" form_type: "8-K" ticker: null cik: "0001844389" company_name: "Ace Global Business Acquisition Ltd" filed_at: "2024-04-08T23:59:59+00:00" generated_at: "2026-06-04T01:29:09.156241+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.5 calibrated_materiality_score: 0.5 confidence: "high" source: SEC EDGAR --- # ACBA shareholders approve 6-month extension; sponsor deposits $30k for first month ## Summary - Shareholders approved charter and trust amendments allowing up to 6 one-month extensions from April 8 to October 8, 2024. - Sponsor deposited $30,000 to extend deadline to May 8, 2024; 841,669 shares redeemed from trust. - Trust account balance post-redemptions and deposit: approximately $13.78 million. - Company issued $30k promissory note to sponsor, convertible into units at $10.00 per unit on close. ## SEC filing metadata - accession: 0001213900-24-031008 - form_type: 8-K - cik: 0001844389 - company_name: Ace Global Business Acquisition Ltd - filed_at: 2024-04-08T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.5 - calibrated_materiality_score: 0.5 - confidence: high - sec_items: 1.01, 5.03, 5.07, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1844389/000121390024031008/0001213900-24-031008-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844389/000121390024031008/ea0203448-8k_aceglobal.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-24-031008 - JSON: https://secwatch.observer/filing/0001213900-24-031008.json - Plain text: https://secwatch.observer/filing/0001213900-24-031008.txt ## Key facts - Governance Changes Ace Global Business Acquisition Ltd: Amended and restated memorandum and articles of association to extend the business combination deadline from April 8, 2024 to October 8, 2024, by up to six additional one-month extensions (effective 2024-04-03). - Change: charter amendment - Effective: 2024-04-03 source text: the Company filed an amended and restated memorandum and articles of association on April 3, 2024 (the “Charter Amendment”), giving the Company the right to extend the date by which it has to complete a business combination up to a total of six (6) times for an additional one (1) month each time from April 8, 2024 to October 8, 2024. evidence_url: https://www.sec.gov/Archives/edgar/data/1844389/000121390024031008/0001213900-24-031008-index.htm - Material Agreements Ace Global Business Acquisition Ltd entered into Trust Amendment with Continental Stock Transfer & Trust Company (effective 2024-04-02). - Action: entry - Counterparty: Continental Stock Transfer & Trust Company - Effective: 2024-04-02 source text: entered into an amendment (the “Trust Amendment”) to the investment management trust agreement, dated April 5, 2021, as amended on January 5, 2023 and September 19, 2023, with Continental Stock Transfer & Trust Company on April 2, 2024. evidence_url: https://www.sec.gov/Archives/edgar/data/1844389/000121390024031008/0001213900-24-031008-index.htm - Material Agreements Ace Global Business Acquisition Ltd entered into Note with Ace Global Investment Limited valued at $30,000 (effective 2024-04-05). - Action: entry - Counterparty: Ace Global Investment Limited - Value: $30,000 - Effective: 2024-04-05 source text: issued an unsecured promissory note in the aggregate principal amount of $30,000 (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 evidence_url: https://www.sec.gov/Archives/edgar/data/1844389/000121390024031008/0001213900-24-031008-index.htm - Shareholder Votes Ace Global Business Acquisition Ltd shareholders approved Amend and restate the Company’s amended and restated memorandum and articles of association to extend the date to complete a business combination up to six times for one month each from April 8, 2024 to October 8, 2024 at the 2024-04-02 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2024-04-02 source text: Shareholders approved the proposal to amend and restate the Company’s amended and restated memorandum and articles of association, giving the Company the right to extend the date by which it has to complete a business combination up to a total of six (6) times for an additional one (1) month each time from April 8, 2024 to October 8, 2024. evidence_url: https://www.sec.gov/Archives/edgar/data/1844389/000121390024031008/0001213900-24-031008-index.htm - Shareholder Votes Ace Global Business Acquisition Ltd shareholders approved Amend the Company’s investment management trust agreement to extend the time to complete a business combination up to six times for one month each from April 8, 2024 to October 8, 2024 at the 2024-04-02 meeting. - Proposal: merger approval - Outcome: passed - Meeting: 2024-04-02 source text: Shareholders approved the proposal to amend the Company’s investment management trust agreement, dated April 5, 2021, as amended on January 5, 2023 and September 19, 2023, by and between the Company and Continental Stock Transfer & Trust Company to allow the Company to further extend the time to complete a business combination a total of six (6) times for an additional one (1) month each time from April 8, 2024 to October 8, 2024 by depositing into the trust account for each one-month extension, the lesser of (i) $30,000 and (ii) an aggregate amount equal to $0.033 multiplied by the number of issued and outstanding Public Share that has not been redeemed. evidence_url: https://www.sec.gov/Archives/edgar/data/1844389/000121390024031008/0001213900-24-031008-index.htm - Shareholder Votes Ace Global Business Acquisition Ltd shareholders approved Election of five nominees for directors to serve until the next annual meeting at the 2024-04-02 meeting. - Proposal: director election - Outcome: passed - Meeting: 2024-04-02 source text: Shareholders elected all of the five nominees for directors to serve until the next annual meeting of shareholders. evidence_url: https://www.sec.gov/Archives/edgar/data/1844389/000121390024031008/0001213900-24-031008-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.