Brief: Ace Global Business Acquisition Limited Announces Proposed Merger Agreement With Le Worldwide Limited

Ace Global Business Acquisition

23/12/2022 13:36

Dec 23 (Reuters) - Ace Global Business Acquisition Ltd
 ACBA.O :
    * ACE GLOBAL BUSINESS ACQUISITION LIMITED ANNOUNCES PROPOSED
MERGER AGREEMENT WITH LE WORLDWIDE LIMITED
    * COMBINED COMPANY EXPECTED TO TRADE ON NASDAQ POST-CLOSE
UNDER A
NEW TICKER SYMBOL
    * COMPANY WILL HAVE A PRE-MONEY ENTERPRISE VALUE OF
APPROXIMATELY
$150 MILLION AT CLOSING
    * AS PART OF DEAL, ACE IS SEEKING TO SECURE CASH PROCEEDS
EXCEEDING $20 MILLION FROM PRIVATE INVESTMENT IN PUBLIC EQUITY
    * LE'S CURRENT MANAGEMENT TEAM IS CURRENTLY EXPECTED TO
CONTINUE
RUNNING COMBINED CO AFTER TRANSACTION

Source text for Eikon:  ID:nPn8lMmJJa 
Further company coverage:  ACBA.O 
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