Ace Global Business Acquisition Limited Asks for Another Extension | SPAC Feed

Ace Global Business Acquisition Limited in a proxy filing wants to push its termination date to April 8, 2024, from the current Oct. 8 deadline.

The SPAC lost nearly half of its cash in trust to redemptions ahead of the last extension vote, in January.

Ace Global last December entered into a definitive merger agreement with LE Worldwide Limited, a component provider of data-enabled greenhouse farming solutions. At deal announcement, the company was expected to have a pre-money enterprise value of approximately $150 million.

LE produces Light-Emitting Diode (LED) technology, with one of the largest LED product manufacturing and research facilities in asia.

The SPAC a year ago called off a merger with DDC Enterprise Limited, a digital publisher and merchandising company. Read more.

Source: Ace Global Business Acquisition Limited Asks for Another Extension

• SEO Powered Content & PR Distribution. Get Amplified Today.
• PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
• PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
• PlatoESG. Automotive / EVs, Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
• PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
• ChartPrime. Elevate your Trading Game with ChartPrime. Access Here.
• BlockOffsets. Modernizing Environmental Offset Ownership. Access Here.
• Source: https://spacfeed.com/ace-global-business-acquisition-limited-asks-for-another-extension