Ace Global Business Acquisition Limited
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Eugene Tu Wong
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Unit B Central Hong Kong
- IPO Date
- May 26, 2021
- CIK
- 0001844389
- Website
- aceglobal-acq.com
- Similar Companies
- Business
- Ace Global Business Acquisition Limited (NASDAQ: ACBA) is a blank check company, or special purpose acquisition company (SPAC), focused on effecting mergers, share exchanges, asset acquisitions, share purchases, recapitalizations, reorganizations or similar business combinations with one or more businesses, particularly targeting opportunities in the gaming and e-commerce sectors within Greater China, Japan, and Southeast Asia; the company has no significant ongoing operations and generates funds primarily through its initial public offering of units comprising ordinary shares and warrants. Founded in 2020 and headquartered in Hong Kong, Ace Global pursues strategic business transformations through disciplined due diligence and capital deployment in competitive SPAC markets. Recent developments include multiple extensions of its business combination period through 2024 via contributions to its trust account by sponsor Ace Global Holdings, Inc.; the mutual termination on May 24, 2024, of its merger agreement with LE Worldwide Limited originally announced in December 2022 due to the target's declining revenue, liquidity issues, and supply chain uncertainties stemming from a winding-up petition against its primary supplier; and the subsequent board decision to liquidate and dissolve the company, redeeming all public ordinary shares while allowing warrants to expire worthless.
Ace Global Business Acquisition Limited Announces Mutual Termination of Merger Agreement and Redemption of Ordinary Shares
Ace Global Business Acquisition Limited Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
Ace Global Business Acquisition Limited Announces Extension of Combination Period and Additional Contribution to Trust Account to Extend Combination Period
Ace Global Business Acquisition Limited Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
Ace Global Business Acquisition Limited Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
Ace Global Business Acquisition Limited Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
Ace Global Business Acquisition Limited Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
Ace Global Business Acquisition Limited Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
Ace Global Business Acquisition Limited Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
Ace Global Business Acquisition Limited Announces Extension of Combination Period and Additional Contribution to Trust Account to Extend Combination Period
Ace Global Business Acquisition Limited Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
Ace Global Business Acquisition Limited Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination