Ace Global Business Acquisition Limited filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
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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While the Company has submitted a hearing request before the Panel, the Company has now withdrawn it.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.
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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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