Ace Global Business Acquisition (ACBA) has released an update to notify the public and investors about its financial commitment initiation.
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Ace Global Business Acquisition Limited issued a promissory note for $98,858.95 to its sponsor, Ace Global Investment Limited, to extend the deadline for completing a business combination by one month to March 8, 2024. The note is unsecured, interest-free, and matures upon the completion of a business combination, with an option for the holder to convert it into units at $10.00 per unit, identical to those from the initial public offering.
For further insights into ACBA financials, check out TipRanks’ Financials page.
For a comprehensive understanding of the announcement, you can read the full document here.
