Ace Global Business Acquisition Limited (ACBAU) Prices $40M IPO

Ace Global Business Acquisition Limited announced the pricing of its $40 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ACBAU”, Tuesday, April 6.

The new company aims to combine with a target businesses operating in East or Southeast Asia in gaming and e-commerce. Ace Global is led by CEO and Chairman Eugene Wong and CFO Nicholas Xue-Wei Tan.

Total SPAC deal count for 2021 year-to-date is now 299. This offering is expected to close on Thursday, April 8.

Ladenburg Thalmann & Co. Inc. and Brookline Capital Markets acted as joint book-running managers in the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Blank Rome LLP serving as Underwriter’s Counsel. Friedman LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.