Item 8.01. Other Events.
As previously disclosed on a Current Report on Form 8-K/A dated April 9, 2021,
Ace Global Business Acquisition Limited (the "Company") consummated its initial
public offering ("IPO") of 4,000,000 units (the "Units") on April 8, 2021 and
the full exercise of the underwriter's over-allotment option of 600,000 Units on
April 9, 2021 respectively, Each Unit consists of one ordinary share ("Ordinary
Share") and one warrant ("Warrant") entitling its holder to purchase one
Ordinary Share at a price of $11.50 per whole share. The Units were sold at an
offering price of $10.00 per Unit, generating gross proceeds of $46,000,000.
As of April 9, 2021, a total of $46,920,000 of the net proceeds from the public
offering and the private placement consummated simultaneously with the closing
of the IPO and the over-allotment option were deposited in a trust account
established for the benefit of the Company's public stockholders.
An audited balance sheet as of April 9, 2021 reflecting receipt of the proceeds
upon consummation of the public offering and the private placement is included
with this report as Exhibit 99.1
Item 9.01. Financial Statements and Exhibits.
Exhibit No. Description
99.1 Balance Sheet dated April 9, 2021
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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