Bukit Jalil Global Acquisition 1 LTD

Market Movers (8-K)

Global IBO Group Ltd., an AIGC animation streaming platform, finalized its business combination with Bukit Jalil Global Acquisition 1 Ltd., and will commence trading on Nasdaq under the ticker symbol GIBO.
Bukit Jalil Global Acquisition 1 Ltd. secures a one-month extension to complete its initial business combination by accepting a $100,000 loan from its sponsor.
Worse than expected
Delay expected
Bukit Jalil Global Acquisition 1 Ltd. has amended its underwriting agreement, reducing the deferred underwriting commission payable upon the closing of its business combination.
Bukit Jalil Global Acquisition 1 Ltd. (BUJA) shareholders voted to approve the business combination with GIBO Holdings Limited at an extraordinary general meeting held on March 31, 2025.
Bukit Jalil Global Acquisition 1 Ltd. extends its business combination deadline to April 30, 2025, with a $100,000 deposit from its sponsor and issuance of an unsecured promissory note.
Delay expected
Bukit Jalil Global Acquisition 1 Ltd. secures a one-month extension to complete its initial business combination by issuing a $100,000 promissory note to its sponsor.

Quarterly Earnings (10-Q)

Bukit Jalil Global Acquisition 1 Ltd. reported a net income of $1.1 million for the nine months ended September 30, 2024, while actively pursuing a business combination with Global IBO Group Ltd.
Worse than expected
Delay expected
Capital raise
Bukit Jalil Global Acquisition 1 Ltd. has filed an amended 10-Q/A report for the quarter ended March 31, 2024, to address a previously identified material weakness in internal controls over financial reporting.
Bukit Jalil Global Acquisition 1 Ltd. reported a net income of $1.1 million for the first six months of 2024, primarily driven by investment income, while actively pursuing a business combination.
Worse than expected
Delay expected
Capital raise
Bukit Jalil Global Acquisition 1 Ltd. reported a net income of $548,461 for the first quarter of 2024, primarily driven by investment income, while continuing its search for a business combination target.
Worse than expected
Capital raise

Annual Reports (10-K)

Bukit Jalil Global Acquisition 1 Ltd. reports its 2024 financial results in a Form 10-K filing, highlighting a proposed business combination with GIBO and ongoing concerns about its ability to continue as a going concern.
Delay expected
Capital raise
Worse than expected
Bukit Jalil Global Acquisition 1 Ltd. has filed its annual 10-K report for the fiscal year ended December 31, 2023, highlighting a material weakness in internal controls and ongoing efforts to identify a business combination target.
Capital raise
Worse than expected

Insider Trading (Form 4)

Foo Seck Chyn reports ceasing roles as CEO, CFO, and Director of Bukit Jalil Global Acquisition 1 Ltd. (BUJA) after the completion of its initial business combination.
Hamzah Syakir Suwardi Bin, a director of Bukit Jalil Global Acquisition 1 Ltd., reports ceasing to be a director and 10% owner after the company's initial business combination.
Bukit Jalil Global Investment Ltd. files a Form 4 to report that it no longer holds more than 10% of the issued and outstanding shares of Bukit Jalil Global Acquisition 1 Ltd. (BUJA) after May 8, 2025, and is therefore no longer subject to Section 16 reporting.
Lee Phui Lam, a director of Bukit Jalil Global Acquisition 1 Ltd., files an exit Form 4, indicating they are no longer subject to Section 16 reporting requirements following the company's initial business combination.
Ooi Bee Lian files an exit Form 4, reporting departure from her role as Director and no longer holding more than 10% of Bukit Jalil Global Acquisition 1 Ltd. shares after the business combination on May 8, 2025.
Global IBO Group Ltd., an AIGC animation streaming platform, finalized its business combination with Bukit Jalil Global Acquisition 1 Ltd. and will commence trading on Nasdaq under the ticker GIBO.

Proxy Statements (Def-14A)

Bukit Jalil Global Acquisition 1 Ltd. secures a one-month extension to complete its business combination by depositing $100,000 into its trust account, funded by an unsecured promissory note issued to its sponsor.
Delay expected
Capital raise
Bukit Jalil Global Acquisition 1 Ltd. (BUJA) is set to merge with GIBO Holdings, valuing the latter at $8.28 billion, pending shareholder approval at a March 31, 2025 meeting.
Worse than expected
Delay expected
Capital raise
Bukit Jalil Global Acquisition 1 Ltd. announces revised terms for its proposed charter amendment, including a monthly extension fee and cancellation of the previously announced dividend shares arrangement, to extend the deadline for completing a business combination.
Delay expected
Bukit Jalil Global Acquisition 1 Ltd. (BUJA) has postponed its Extraordinary General Meeting to June 28, 2024, to allow more time for shareholder engagement and has extended the redemption request deadline accordingly.
Delay expected
Bukit Jalil Global Acquisition 1 Ltd. is seeking shareholder approval to extend the deadline for completing a business combination to June 30, 2025, and to amend certain provisions in its memorandum and articles of association.

Schedule 13G - Passive Investments

Glazer Capital and Paul J. Glazer have increased their beneficial ownership in Bukit Jalil Global Acquisition 1 Ltd. to 6.76% of ordinary shares.