Ace Global Business Acquisition Limited
ACBAU
NASDAQ Capital Market12.00
USD
-0.69
- -
CIK
0001844389
ISIN
VGG0083E1280
Return %
Stock
S&P500
1Y
7.82
26.53
3Y
16.50
76.60
5Y
19.17
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Eugene Tu Wong
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Unit B Central Hong Kong
- IPO Date
- Apr 6, 2021
- CIK
- 0001844389
- Website
- aceglobal-acq.com
- Similar Companies
- Business
- Ace Global Business Acquisition Limited (NASDAQ: ACBAU) is a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses. The company offers no operational products or services of its own; its sole activity centers on identifying and pursuing such business combinations, primarily targeting opportunities in the artificial intelligence and related technology markets in North America, as well as gaming and e-commerce sectors. Incorporated in 2020 and headquartered in Admiralty, Hong Kong, it operates from a Cayman Islands structure as a British Virgin Islands-exempted company with its units listed on Nasdaq. In a major recent development, Ace Global mutually terminated its business combination agreement with LE Worldwide Limited on May 24, 2024, following concerns over the target's declining revenue, liquidity issues and supply chain uncertainties stemming from a winding-up petition against its primary supplier. The board subsequently elected to cease further combination efforts due to insufficient time remaining under its charter and initiated proceedings for full liquidation and dissolution, including redemption of all outstanding public shares from its initial public offering while allowing warrants to expire worthless. As of late 2025, the company remains in the process of winding down with no alternative transactions announced.
Ace Global Business Acquisition Limited Announces that Ordinary Shares and Warrants to Commence Separate Trading on or about May 21, 2021
Ace Global Business Acquisition Limited Announces Pricing of $40 Million Initial Public Offering