Ace Global Business Acquisition II Files for $65M IPO

Ace Global Business Acquisition II registered today to offer 6.5 million units at $10 each. A unit consists of one ordinary share and one-half of a warrant.

This SPAC’s target focus is on companies engaged in decarbonization, as well as businesses operating in the gaming and e-commerce sectors. Ace Global Business I is in a pending merger with digital publisher and merchandising company DDC Enterprise.

CEO and Chairman Eugene Wong joined Whiz Partners in May 2013 and is currently the managing director of Whiz Partners Asia, and the partner and CIO of the China Hero Project Fund. 

EF Hutton and Brookline are joint book-running managers of this offering.

The SPAC said in the filing it has applied for a Nasdaq listing, but has not yet selected a ticker symbol. Read more.

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