Ace Global Business Acquisition announced that Ace Global Investment Limited, the Company’s initial public offering sponsor, has deposited into the Company’s trust account an aggregate of $98,858.95 representing, approximately $0.05 per ordinary share, in order to extend the period of time the Company has to complete a business combination for an additional one month period, from March 9, 2024 to April 8, 2024. The Company issued a promissory note to the Sponsor with a principal amount equal to the amount deposited. The promissory note bears no interest and is convertible into the Company’s units at a price of $10.00 per unit at the closing of a business combination by the Company. The purpose of the extension is to provide time for the Company to complete a business combination.
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