Bukit Jalil Global Acquisition 1 Ltd
BUJA
NASDAQ Capital Market3.66
USD
-7.03
- -
CIK
0001956055
ISIN
KYG1676M1050
Return %
Stock
S&P500
1Y
-66.11
18.21
3Y
-64.05
63.29
5Y
-64.05
74.90
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
- Seck Chyn Foo
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 31-1 Taman Miharja Phase 3B Kuala Lumpur Malaysia 55200
- IPO Date
- Aug 21, 2023
- CIK
- 0001956055
- Similar Companies
- Business
- Bukit Jalil Global Acquisition 1 Ltd operates as a blank check company, or special purpose acquisition company (SPAC), whose primary purpose is to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities; it has no specific industry or geographic focus for target companies and generates no operational revenue prior to completing such a transaction. Incorporated in 2022 and headquartered in Kuala Lumpur, Malaysia, at 31-1 Taman Miharja Phase 3B, Jalan 3/93, the company went public on Nasdaq (ticker: BUJA) via an initial public offering on June 28, 2023, at $10 per unit, raising capital held in trust primarily for deployment in a de-SPAC merger. Led by Dr. Seck Chyn Foo as Chairman, Chief Executive Officer and Chief Financial Officer, it targets investors seeking exposure to private companies entering public markets through this streamlined structure. The company's core activities center on capital raising through its IPO and units (BUJAU), trust management of investor proceeds, sponsor promotion and equity, due diligence on potential merger targets, negotiation of definitive business combination agreements, regulatory compliance and shareholder approvals for transactions; it offers no other products or services beyond this SPAC framework. Operations span global markets without limitation, though it is based in Malaysia and listed on U.S. exchanges, with fiscal year ending December and reporting in USD. Prior to any combination, financials reflect typical SPAC traits including cash held in trust offset by operational expenses, warrants and sponsor shares. In its most significant development, Bukit Jalil Global Acquisition 1 Ltd completed a reverse merger with Global IBO Group Ltd (GIBO) on May 8, 2025, resulting in its delisting from Nasdaq and the formation of GIBO Holdings Limited as the combined public entity trading under ticker GIBO; this followed a non-binding letter of intent in January 2024, a definitive business combination agreement valued at approximately $8.28 billion announced August 5, 2024, shareholder approval on March 31, 2025, and multiple charter extensions to facilitate closing. The transaction involved legal counsel from DLA Piper and Robinson & Cole, financial advisory from Alliance Global Partners, and support agreements from requisite shareholders committing to vote in favor and restrict share transfers. Post-merger, the standalone entity ceased active trading at $3.66 per share amid high redemptions and volatility.
Bukit Jalil Global Acquisition 1 Ltd. Adjourned the Extraordinary General Meeting to June 29, 2024
Bukit Jalil Global Acquisition 1 Ltd. Announces Increased Monthly Extension Fee in Connection with Proposed Charter Amendment