Bukit Jalil Global Acquisition 1 scheduled a June 24 meeting for shareholders to vote on an extension plan that would give the SPAC up to June 30, 2025 to complete a deal. There would be no contribution to the trust if the measure is approved.

The SPAC in January signed a non-binding letter of intent with Global IBO Group, although a definitive agreement has not been reached, according to the latest proxy filing.

The target is a streaming platform that offers an innovative design engine developed to unleash the creative potential of storytellers and content creators. It provides a suite of advanced ai tools, including AI Script for intuitive scriptwriting, AI Voice for realistic voice synthesis, and AI Image for transforming text to vivid visuals. The platform is designed to simplify the content creation process, making it accessible to creators of all levels.

Bukit Jalil raised $50 million in a June 2023 IPO. Led by Malaysian businessman Seck Chyn “Neil” Foo, the SPAC is focused on emerging markets. Read more.

Source: Bukit Jalil Global 1 Calls Meeting to Vote on 1-Year Extension