SEC Form SC 13G filed by Ace Global Business Acquisition Limited

10/10/23 9:25:16 AM ET

Catalog/Specialty Distribution

Consumer Discretionary

Get the next $ACBA alert in real time by email

SC 13G 1 ACEGlobal.txt ACE GLOBAL ACQUISITION CORP Securities and Exchange Commission, Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.)* (Name of Issuer) ACE GLOBAL BUSINESS ACQUISITION LIMITED (Title of Class of Securities) Ordinary Shares (CUSIP Number) (Date of Event Which Requires Filing of this Statement) 09/29/2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) CUSIP No. (1) Names of reporting persons Polar Asset Management Partners Inc. (2) Check the appropriate box if a member of a group (see instructions) (a) (b) (3) SEC use only (4) Citizenship or place of organization Ontario, Canada Number of shares beneficially owned by each reporting person with: (5) Sole voting power 378,900 (6) Shared voting power (7) Sole dispositive power 378,900 (8) Shared dispositive power (9) Aggregate amount beneficially owned by each reporting person 378,900 (10) Check if the aggregate amount in Row (9) excludes certain shares (see instructions) (11) Percent of class represented by amount in Row (9) 11.04% (12) Type of reporting person (see instructions) IA Item 1(a) Name of issuer: ACE GLOBAL BUSINESS ACQUISITION LIMITED Item 1(b) Address of issuer's principal executive offices: Rm. 806, 8/F, Tower 2, Lippo Centre, No. 89 Queensway Admiralty, Hong Kong 2(a) Name of person filing: This statement is filed by Polar Asset Management Partners Inc., a company incorporated under the laws of Ontario, Canada, which serves as the investment advisor to Polar Multi-Strategy Master Fund, a Cayman Islands exempted company ("PMSMF") (as defined below) directly held by PMSMF. 2(b) Address or principal business office or, if none, residence: 16 York Street, Suite 2900, Toronto, ON, Canada M5J 0E6. 2(c) Citizenship: Canada 2(d) Title of class of securities: Ordinary Shares 2(e) CUSIP Number: 00857H106 Item 3. [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); [ ] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); [x] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: The Reporting Person is an investment fund manager, portfolio manager, exempt market dealer and commodity trading manager registered with the Ontario Securities Commission. Item 4. Ownership As of September 29, 2023 1. Polar Asset Management Partners Inc. (a) Amount beneficially owned: 378,900 (b) Percent of class: 11.04% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 378,900 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 378,900 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5.Ownership of 5 Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following []. Instruction. Dissolution of a group requires a response to this item. Not applicable Item 6. Ownership of More than 5 Percent on Behalf of Another Person. Not applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reporting on by the Parent Holding Company or Control Person. Not applicable Item 8. Identification and Classification of Members of the Group Not applicable Item 9. Notice of Dissolution of Group. Not applicable Item 10. Certifications By signing below I certify that, to the best of his/her knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: October 09, 2023 POLAR ASSET MANAGEMENT PARTNERS INC. By: /s/ Andrew Ma Name: Andrew Ma Title: Chief Compliance Officer

Get the next $ACBA alert in real time by email

SEC Form SC 13G filed by Ace Global Business Acquisition Limited

Chat with this insight

Recent Analyst Ratings for
$ACBA

$ACBA
Press Releases

Fastest customizable press release news feed in the world

Ace Global Business Acquisition Limited Announces Mutual Termination of Merger Agreement and Redemption of Ordinary Shares

Ace Global Business Acquisition Limited Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination

Ace Global Business Acquisition Limited Announces Extension of Combination Period and Additional Contribution to Trust Account to Extend Combination Period

$ACBA
SEC Filings

SEC Form 25-NSE filed by Ace Global Business Acquisition Limited

SEC Form 425 filed by Ace Global Business Acquisition Limited

Ace Global Business Acquisition Limited filed SEC Form 8-K: Termination of a Material Definitive Agreement, Other Events, Financial Statements and Exhibits

$ACBA
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Harraden Circle Investments, Llc sold $605,000 worth of Ordinary Shares (50,000 units at $12.10) (SEC Form 4)

New insider Harraden Circle Investments, Llc claimed ownership of 270,214 units of Ordinary Shares (SEC Form 3)

Polar Asset Management Partners Inc. disposed of $4,588,479 worth of Ordinary Shares (378,900 units at $12.11) (SEC Form 4)

$ACBA
Leadership Updates

Live Leadership Updates

DDC Enterprise Limited and Ace Global Business Acquisition Limited Announce Initial Filing of Preliminary Proxy Statement in Connection with Proposed Business Combination and the Appointment of Independent Directors and Advisor

$ACBA
Large Ownership Changes

This live feed shows all institutional transactions in real time.