Form 8-K - Current report
May 23 2024 - 11:29AM
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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):
May 22, 2024
ACE GLOBAL BUSINESS ACQUISITION LIMITED
(Exact name of registrant as specified in its charter)
British Virgin Islands |
|
001-40309 |
|
n/a |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(I.R.S. Employer
Identification No.) |
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) |
☐ |
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:
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 |
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.
Item 3.01. Notice of Delisting or Failure to
Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On April 1, 2024, Ace Global Business Acquisition
Limited (the “Company”) filed a Current Report on Form 8-K to disclose that on March 28, 2024, the Company received a notice
from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, unless
the Company timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”), the Company’s securities (units,
ordinary shares and warrants) would be subject to suspension and delisting from The Nasdaq Capital Market at the opening of business on
April 8, 2024 due to the Company’s non-compliance with Nasdaq IM-5101-2, which requires that a special purpose acquisition company
must complete one or more business combinations within 36 months of the effectiveness of its IPO registration statement and that the Company
intends to timely request a hearing before the Panel (the “Initial 8-K”).
While the Company has submitted a hearing request
before the Panel, the Company has now withdrawn it. On May 22, 2024, the Company received a notice from the staff of the Nasdaq Office
of General Counsel confirming the Company’s withdrawal of its hearing request and notifying the Company that as a result of the
withdrawal, the Company’s securities (units, ordinary shares and warrants) will be suspended at the open of business on May 24,
2024 and Nasdaq will file a Form 25 Notification of Delisting with the U.S. Securities and Exchange Commission.
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: May 23, 2024
Ace Global Business Acquisition Limited (Registrant) |
|
|
|
By: |
/s/ Eugene Wong |
|
Name: |
Eugene Wong |
|
Title: |
Chief Executive Officer |
|
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May 22, 2024 |
Document Type |
8-K
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Document Period End Date |
May 22, 2024
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Entity File Number |
001-40309
|
Entity Registrant Name |
ACE GLOBAL BUSINESS ACQUISITION LIMITED
|
Entity Central Index Key |
0001844389
|
Entity Tax Identification Number |
00-0000000
|
Entity Incorporation, State or Country Code |
D8
|
Entity Address, Address Line One |
Rm. 806, 8/F, Tower 2, Lippo Centre, No. 89 Queensway
|
Entity Address, City or Town |
Admiralty
|
Entity Address, Country |
HK
|
City Area Code |
852
|
Local Phone Number |
2151 5198
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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 |
|
Title of 12(b) Security |
Units, each consisting of one Ordinary Share
|
Trading Symbol |
ACBAU
|
Security Exchange Name |
NASDAQ
|
Ordinary Shares |
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Title of 12(b) Security |
Ordinary Shares
|
Trading Symbol |
ACBA
|
Security Exchange Name |
NASDAQ
|
Warrants |
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Title of 12(b) Security |
Warrants
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Trading Symbol |
ACBAW
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Security Exchange Name |
NASDAQ
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