# EDGAR Filing Document

**Accession Number:** 0001844389
**File Stem:** 0001213900-23-022624
**Filing Date:** 2023-3
**Character Count:** 8063
**Document Hash:** fe31ca80c47342b745fe95ef9ec091fd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-022624.hdr.sgml**: 20230324

**ACCESSION NUMBER**: 0001213900-23-022624

**CONFORMED SUBMISSION TYPE**: DEFA14A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230324

**DATE AS OF CHANGE**: 20230324

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ace Global Business Acquisition Ltd
- **CENTRAL INDEX KEY:** 0001844389
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** DEFA14A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40309
- **FILM NUMBER:** 23757881

**BUSINESS ADDRESS:**
- **STREET 1:** 6/F UNIT B, CENTRAL 88
- **STREET 2:** 88-98 DES VOEUX ROAD CENTRAL
- **CITY:** HONG KONG
- **STATE:** F4
- **ZIP:** 00000
- **BUSINESS PHONE:** 85290867042

**MAIL ADDRESS:**
- **STREET 1:** 6/F UNIT B, CENTRAL 88
- **STREET 2:** 88-98 DES VOEUX ROAD CENTRAL
- **CITY:** HONG KONG
- **STATE:** F4
- **ZIP:** 00000

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): March 24, 2023**

**ACE GLOBAL BUSINESS ACQUISITION LIMITED**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **British Virgin Islands** | **001-40309** | **n/a** |
| (State or other jurisdiction<br> of incorporation) | (Commission File Number) | (I.R.S. Employer<br> Identification No.) |

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**Rm. 806, 8/F, Tower 2, Lippo Centre, No. 89 Queensway, Admiralty, Hong Kong**

(Address of principal executive offices)

**Registrant's telephone number, including area code: +(852) 2151 5198 / 2151 5598**

**Former name or former address, if changed since last report: N/A**

**Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:**

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

&nbsp;&nbsp;&nbsp;&nbsp;☒ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Units, each consisting of one Ordinary Share, par value $0.001 per share, and one Redeemable Warrant entitling the holder to receive one Ordinary Share | ACBAU | NASDAQ Capital Market |
| Ordinary Shares | ACBA | NASDAQ Capital Market |
| Warrants | ACBAW | NASDAQ Capital Market |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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| | |
|:---|:---|
| **Item 1.01.** | **Entry into a Material Definitive Agreement.** |

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The disclosure contained in Item 2.03 is incorporated by reference in this Item 1.01.

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| | |
|:---|:---|
| **Item 2.03** | **Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.** |

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On March 24th, 2023, Ace Global Business Acquisition Limited (the "Company") issued an unsecured promissory note in the aggregate principal amount of $350,332.05 (the "Note") to Ace Global Investment Limited, the Company's initial public offering sponsor ("Sponsor") in exchange for Sponsor depositing such amount into the Company's trust account in order to extend the period of time the Company has to complete a business combination for an additional three (3) months period, from April 9, 2023 to July 8, 2023. The Note does not bear interest and mature upon closing of a business combination by the Company. In addition, the Note may be converted by the holder into units of the Company identical to the units issued in the Company's initial public offering at a price of $10.00 per unit.

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| | |
|:---|:---|
| **Item 8.01** | **Other Events** |

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The Company issued the release filed herewith on March 24th, 2023. The materials attached as Exhibit 99.1 are incorporated by reference herein.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits** |

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The following exhibits are furnished herewith:

**EXHIBIT INDEX**

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| | |
|:---|:---|
| Exhibit No. | Description |
| 99.1 | [Press Release, dated March 24<sup>th</sup>, 2023.](ea175529ex99-1_aceglob.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: March 24th, 2023

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| | |
|:---|:---|
| Ace Global Business Acquisition Limited<br> (Registrant) | Ace Global Business Acquisition Limited<br> (Registrant) |
| By: | /s/ Eugene Wong |
| Name: | Eugene Wong |
| Title: | Chief Executive Officer |

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## Exhibit 99.1

**Exhibit 99.1**

Ace Global Business Acquisition Limited Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination

NEW YORK, March 24<sup>th</sup>, 2023 /PRNewswire/ -- Ace Global Business Acquisition Limited (NASDAQ: ACBA, the "Company"), a special purpose acquisition company, announced today that Ace Global Investment Limited, the Company's initial public offering sponsor (the "Sponsor"), has deposited into the Company's trust account (the "Trust Account") an aggregate of $350,332.05 representing approximately $0.15 per ordinary share), in order to extend the period of time the Company has to complete a business combination for an additional three (3) months period, from April 9, 2023 to July 8, 2023. The Company issued a promissory note to the Sponsor with a principal amount equal to the amount deposited. The promissory note bears no interest and is convertible into the Company's units (with each unit consisting of one ordinary share, and one warrant to purchase one ordinary share) at a price of $10.00 per unit at the closing of a business combination by the Company. The purpose of the extension is to provide time for the Company to complete a business combination.

**About Ace Global Business Acquisition Limited**

Ace Global Business Acquisition Limited is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more business entities.

**Forward-Looking Statements**

This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company's initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Investor Relationship Department

+(852) 2151 5198 / 2151 5598