Global IBO closes business combination with Bukit Jalil Global Acquisition 1

Global IBO Group, an integrated AIGC animation streaming platform, and Bukit Jalil Global Acquisition 1 (BUJA), a publicly-traded special purpose acquisition company, announced the closing of their previously announced business combination. The combined company will operate under the name GIBO Holdings (GIBO) and the Class A ordinary shares and warrants of the company are expected to commence trading on the Nasdaq Stock Market under the ticker symbols “GIBO” and “GIBOW,” respectively, on May 9, the company stated. “With over 72 million registered users across Southeast Asia and South Asia, GIBO has become a unique and integrated AIGC animation streaming platform. It offers extensive functionalities for viewers and creators, serving a broad community of young people. Its platform provides AI voice synthesis, AI image generation, scriptwriting and storyboarding, and audio-visual synchronization tools, enabling creators to expand creative possibilities, streamline content production, and create localized, engaging content. The entertainment industry has seen rapid shifts towards AI-enhanced production. The Company aims to lead by offering fully AI-powered content generation, enabling anime and digital media to reach audiences with unprecedented speed and quality,” the company stated. “Today marks a significant milestone in our journey to revolutionize the digital media landscape. It is not just a testament to our achievements, but also a springboard for future growth. We are committed to scaling our AI-powered solutions globally, ensuring that creators everywhere can harness the power of AI to bring their visions to life,” said Dereck Lim, Chairman of the company.