Bukit Jalil Global Acquisition 1 Ltd. (BUJA), a NASDAQ-listed special purpose acquisition company (SPAC), has announced revisions to its proposed amendments to the company charter and trust agreement. These changes, to be discussed in a shareholder meeting on June 28, 2024, include an extension mechanism that allows the company to postpone the deadline for a business combination to June 30, 2025, contingent on monthly $100,000 deposits into its trust account. The first of these payments must be made by June 30, 2024. Formed for the purpose of merging with or acquiring other businesses, BUJA also entered a non-binding letter of intent with Global IBO Group Ltd. in January 2024; however, no definitive agreement has been reached. The company urges stakeholders to read all relevant documents filed with the SEC, as these contain critical information about upcoming proposals.

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