ACBA - Ace Global Business Acquisition to merge with LE Worldwide

• Special purpose acquisition company Ace Global Business Acquisition ( NASDAQ: ACBA ) is set to merge with the data-enabled greenhouse farming solutions provider, LE Worldwide.
• ACBA will pay $150M to LE's shareholders upon the acquisition becoming effective, which shall be issued and divided into $10.00 per share.
• Ace will aim to secure cash proceeds exceeding $20M from a private investment in public equity.
• The two parties plan to remain Nasdaq-listed under a new ticker symbol upon the closing of the transaction.
• The combined company will be run by LE's current management team.
• Source: Press Release

For further details see: