Bukit Jalil Global 1 Pursues 9-Month Extension

Bukit Jalil Global Acquisition 1 filed a proxy proposing a deadline extension from June 30 to March 30, 2025 in monthly increments. The amount the SPAC’s sponsor would contribute to the trust for each month was not included in the preliminary filing.

The SPAC in January signed a non-binding letter of intent with Global IBO Group, although a definitive agreement has not been reached.

The target is a streaming platform that offers an innovative design engine developed to unleash the creative potential of storytellers and content creators. It provides a suite of advanced AI tools, including AI Script for intuitive scriptwriting, AI Voice for realistic voice synthesis, and AI Image for transforming text to vivid visuals. The platform is designed to simplify the content creation process, making it accessible to creators of all levels.

Bukit Jalil raised $50 million in a June 2023 IPO. Led by Malaysian businessman Seck Chyn “Neil” Foo, the SPAC is focused on emerging markets.

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