Ace Global Business Acquisition Limited in a proxy filing wants to push its termination date to April 8, 2024, from the current Oct. 8 deadline.
The SPAC lost nearly half of its cash in trust to redemptions ahead of the last extension vote, in January.
Ace Global last December entered into a definitive merger agreement with LE Worldwide Limited, a component provider of data-enabled greenhouse farming solutions. At deal announcement, the company was expected to have a pre-money enterprise value of approximately $150 million.
LE produces Light-Emitting Diode (LED) technology, with one of the largest LED product manufacturing and research facilities in Asia.
The SPAC a year ago called off a merger with DDC Enterprise Limited, a digital publisher and merchandising company. Read more.
