Ace Global Business Acquisition Limited has priced its initial public offering of 4,000,000 units at $10.00 per unit. The units will be listed on The Nasdaq Capital Market and trade under the ticker symbol “ACBAU.” Each unit consists of one ordinary share and one warrant to purchase one ordinary share. Once the securities comprising the units begin separate trading, the ordinary shares and warrants will be listed on NASDAQ under the symbols “ACBA” and “ACBAW,” respectively. The underwriters have been granted a 45-day option to purchase up to an additional 600,000 units offered by the company to cover over-allotments, if any.
Ladenburg Thalmann & Co. Inc. and Brookline Capital Markets acted as joint book-running managers in the offering.