Harraden Circle Investments, LLC - Apr 8, 2024 Form 3 Insider Report for Ace Global Business Acquisition Ltd (ACBA)

Role: 10%+ Owner
Signature: HARRADEN CIRCLE INVESTORS, LP, HARRADEN CIRCLE SPECIAL OPPORTUNITIES, LP, By: HARRADEN CIRCLE INVESTORS GP, LP, its general partner, By: HARRADEN CIRCLE INVESTORS GP, LLC, its general partner, By: /s/ Frederick V. Fortmiller, Jr., Title: Managing Member
Stock symbol: ACBA
Transactions as of: Apr 8, 2024
Transactions value $: $0
Form type: 3
Date filed: 4/11/2024, 06:30 AM
Previous filing: May 6, 2022
Next filing: Apr 25, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ACBA	Ordinary Shares						270K	Apr 8, 2024	See footnote

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	ACBA	Warrants							Apr 8, 2024	Class A Common Stock	1K	$11.50	See Footnotes	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These ordinary shares of the Issuer ("Shares") and Warrants ("Warrants") are directly owned by Harraden Circle Investors, LP ("Harraden Fund"). Harraden Circle Investors GP, LP ("Harraden GP") is the general partner to Harraden Fund, and Harraden Circle Investors GP, LLC ("Harraden LLC") is the general partner of Harraden GP. Harraden Circle Investments, LLC ("Harraden Adviser") serves as investment manager to Harraden Fund. Frederick V. Fortmiller, Jr. ("Mr. Fortmiller") is the managing member of each of Harraden LLC and Harraden Adviser. Each of Harraden GP, Harraden LLC, Harraden Adviser, and Mr. Fortmiller disclaims beneficial ownership of the Shares and Warrants reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F2	Pursuant to the terms of the Warrant Agreement dated as of April 5, 2021 by and among the Issuer and the other parties thereto (i) each Warrant is exercisable at a price of $11.50, subject to adjustment as specified therein and (ii) the Warrants will expire on a date to be fixed by the Issuer upon its election to redeem the Warrants.

Content

These ordinary shares of the Issuer ("Shares") and Warrants ("Warrants") are directly owned by Harraden Circle Investors, LP ("Harraden Fund"). Harraden Circle Investors GP, LP ("Harraden GP") is the general partner to Harraden Fund, and Harraden Circle Investors GP, LLC ("Harraden LLC") is the general partner of Harraden GP. Harraden Circle Investments, LLC ("Harraden Adviser") serves as investment manager to Harraden Fund. Frederick V. Fortmiller, Jr. ("Mr. Fortmiller") is the managing member of each of Harraden LLC and Harraden Adviser. Each of Harraden GP, Harraden LLC, Harraden Adviser, and Mr. Fortmiller disclaims beneficial ownership of the Shares and Warrants reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Pursuant to the terms of the Warrant Agreement dated as of April 5, 2021 by and among the Issuer and the other parties thereto (i) each Warrant is exercisable at a price of $11.50, subject to adjustment as specified therein and (ii) the Warrants will expire on a date to be fixed by the Issuer upon its election to redeem the Warrants.

Remarks:

This Form 3 is being filed solely due to the redemption of 841,669 Shares on April 2, 2024, by Issuer stockholders other than the Reporting Persons, after which the Reporting Persons' aggregate beneficial ownership was above 10%.