NEW YORK, July 14, 2023 /PRNewswire/ — Ace Global Business Acquisition Limited (NASDAQ: ACBA), a special purpose acquisition company (the “Company”), announced today that Ace Global Investment Limited, the Company’s initial public offering sponsor (the “Sponsor”), has deposited into the Company’s trust account (the “Trust Account”) an aggregate of $116,777.35 represented, approximately $0.05 per ordinary share, in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from August 9, 2023 to