8-K - Bukit Jalil Global Acquisition 1 Ltd. (0001956055) (Filer)
Fri, Aug 2, 10:08 AM (88 days ago)
Bukit Jalil Global Acquisition 1 Ltd., a Cayman Islands exempted company, reported on July 29, 2024, that it has extended the deadline for completing its initial business combination to August 30, 2024. This extension is facilitated by a $100,000 Monthly Extension Fee deposited by the sponsor, Bukit Jalil Global Investment Ltd., into the company’s trust account. This is the second of twelve possible one-month extensions permitted under the company's charter, potentially extending the deadline to June 30, 2025. The company issued an unsecured, interest-free promissory note of $100,000 to the sponsor, convertible into private units of the company. Additionally, at an extraordinary general meeting on June 29, 2024, shareholders approved amendments allowing monthly extensions without further shareholder approval and eliminating the net tangible asset requirement for share redemptions. Consequently, 2,820,485 ordinary shares were redeemed. These actions aim to provide the company with the flexibility needed to finalize its initial business combination.