Brief: Ace Global Business Acquisition - On August 23, Entered Into A Share Exchange Agreement With DDC Enterprise Limited

Ace Global Business Acquisition

25/08/2021 13:49

Aug 25 (Reuters) - Ace Global Business Acquisition Ltd
 ACBA.O :
    * ACE GLOBAL BUSINESS ACQUISITION LTD -  ON AUGUST 23,
ENTERED
INTO A SHARE EXCHANGE AGREEMENT WITH DDC ENTERPRISE LIMITED
    * ACE GLOBAL BUSINESS ACQUISITION LTD -  - ANNOUNCES MERGER
AGREEMENT WITH DDC ENTERPRISE LIMITED
    * ACE GLOBAL BUSINESS ACQUISITION LTD -  COMBINED COMPANY
EXPECTED
TO TRADE ON THE NASDAQ POST-CLOSE UNDER A NEW TICKER SYMBOL
    * ACE GLOBAL BUSINESS ACQUISITION LTD -  DEAL GIVES DDC A
BASE
ENTERPRISE VALUE OF US$300 MILLION
    * ACE GLOBAL BUSINESS ACQUISITION LTD -  ACE AND DDC WILL
AIM TO
RAISE A PRIVATE INVESTMENT IN PUBLIC EQUITY (PIPE) OF
APPROXIMATELY US$30-40 MILLION
    * ACE GLOBAL BUSINESS ACQUISITION LTD -  DDC’S CURRENT
MANAGEMENT
TEAM WILL CONTINUE RUNNING THE COMBINED COMPANY AFTER THE
TRANSACTION

Further company coverage:  ACBA.O 

 (((Reuters.Briefs@thomsonreuters.com);))