ACBA - Ace Global Business Acquisition announces additional contribution to trust

• Ace Global Business Acquisition ( NASDAQ: ACBA ) has announced that Ace Global Investment has deposited into the Co.'s trust account an aggregate of $0.46M, in order to extend the period of time the Co. has to complete a business combination for an additional 3 months.
• The Co. 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 Co.'s units at a price of $10/unit at the closing of a business combination by the Co.
• The purpose of the extension is to provide time for the Co. to complete a business combination.

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