---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-033597"
form_type: "8-K"
ticker: null
cik: "0001844389"
company_name: "Ace Global Business Acquisition Ltd"
filed_at: "2024-04-17T23:59:59+00:00"
generated_at: "2026-06-03T21:49:03.730032+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Ace Global posts $30K promissory note to sponsor to extend business combination deadline to June 8, 2024

## Summary
- Ace Global Business Acquisition issued a $30,000 unsecured promissory note to sponsor Ace Global Investment Ltd.
- The note extends the deadline to complete a business combination from May 9, 2024 to June 8, 2024.
- The note bears no interest, matures upon closing of a business combination, and is convertible into units at $10 per unit.
- Purpose is to provide additional time for the SPAC to consummate a business combination.

## SEC filing metadata
- accession: 0001213900-24-033597
- form_type: 8-K
- cik: 0001844389
- company_name: Ace Global Business Acquisition Ltd
- filed_at: 2024-04-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1844389/000121390024033597/0001213900-24-033597-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844389/000121390024033597/ea0204055-8k_aceglobal.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-033597
- JSON: https://secwatch.observer/filing/0001213900-24-033597.json
- Plain text: https://secwatch.observer/filing/0001213900-24-033597.txt

## Key facts
- Debt Financings
  Ace Global Business Acquisition Ltd incurred loan of $30,000 with Ace Global Investment Limited at does not bear interest maturing upon the closing of a business combination by the Company.
  - Instrument: loan
  - Principal: $30,000
  - Counterparty: Ace Global Investment Limited
  - Rate: does not bear interest
  - Maturity: upon the closing of a business combination by the Company
  - Event: incurrence
  source text: On April 16, 2024, Ace Global Business Acquisition Limited (the “Company”) issued an unsecured promissory note in the aggregate principal amount of $30,000 (the “Note”) to Ace Global Investment Limited
  evidence_url: https://www.sec.gov/Archives/edgar/data/1844389/000121390024033597/0001213900-24-033597-index.htm

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