Ace Global Business Acquisition II in a letter to the SEC said it is withdrawing a planned offering of 6.5 million units initially registered in January 2022.
The SPAC’s target focus was to be on companies engaged in decarbonization, as well as businesses operating in the gaming and e-commerce sectors.
Ace Global Business I terminated a merger deal with digital publisher and merchandising company DDC Enterprise last July.
Ace Global II had applied for a Nasdaq listing with EF Hutton and Brookline tapped as joint book-running managers. Read more.
Source: Ace Global Business Acquisition II Pulls Plug on M IPO