Bukit Jalil Global Acquisition 1 Ltd. announces expansion

New York, New York, June 28, 2024 (GLOBE NEWSWIRE) — Bukit Jalil Global Acquisition 1 Ltd. (“BUJA” or the “Company”) (NASDAQ: BUJA) announced today that, in connection with its previously announced special general meeting of shareholders to be held on June 28, 2024 at 9:00 p.m. (the “Special Meeting”), the Company has amended the terms of its proposal to amend the Company’s current articles of association (the “MAA Amendment Proposal”) and its proposal to amend the trust agreement with the trustee of the Company’s trust account (the “Trust Amendment Proposal”). The amended terms include, among other things:

• If shareholders approve the MAA Amendment Proposal and the Trust Amendment Proposal, the Company will have until June 30, 2025 to consummate the initial business combination by paying a monthly extension fee (as defined below) into the Company’s trust account (the “Trust Account”). Each payment of the Monthly Extension Fee will allow the Company to extend the date by which the Company must consummate the business combination by one month (the “Monthly Extension”). To effect each monthly extension, the Company’s sponsor and/or its designee will pay $100,000 for all outstanding public shares into the Trust Account (the “Monthly Extension Fee”). The first monthly extension fee after approval of the MAA Amendment Proposal and the Trust Amendment Proposal must be paid by June 30, 2024, and the next Monthly Extension Fee must be paid into the Trust Account by the 30th day of each month thereafter until June 30, 2025, if the Company decides to extend

Further information can be found in the Current Report on Form 8-K that the Company is expected to file with the SEC on or about June 24, 2024.

If you have any questions regarding the certification of your position or the delivery of shares, please contact:

Continental Stock Transfer & Trust Company
1 State Street, 30th floor
New York, NY 10004-1561
Email: [email protected]

BUJA shareholders who have questions regarding the Special Meeting or its impact on votes cast, or would like to request documents, may contact BUJA’s proxy attorney, Advantage Proxy, Inc., at (877) 870-8565, or banks and brokers by calling (206) 870-8565 or emailing [email protected].

About Bukit Jalil Global Acquisition 1 Ltd.

Bukit Jalil Global Acquisition 1 Ltd. is a blank check company, often referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more companies or entities.

On January 9, 2024, the Company entered into a non-binding letter of intent (“LOI”) with Global IBO Group Ltd (“Global IBO”) that sets forth the general terms of a potential business combination involving Global IBO and its subsidiaries (the “Proposed Transaction”). The LOI is non-binding and no agreement providing for any Proposed Transaction or any other transaction or any party’s participation therein will be deemed to exist until final agreements have been entered into. As of the date hereof, the Company has not entered into any definitive agreements to effect a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more companies or entities.

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Some of these forward-looking statements can be identified by the use of words such as “believes,” “expects,” “intends,” “plans,” “estimates,” “assumes,” “may,” “should,” “will,” “seek” or other similar expressions. Such statements may include, among others, statements regarding the timing of the Special Meeting and the extension of the deadline for filing a redemption application. These statements are based on current expectations as of the date of this press release and involve a number of risks and uncertainties that could cause actual results to differ materially. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new events or otherwise. Readers are cautioned not to place undue reliance on forward-looking statements.

No offer or invitation

This press release does not constitute a statement or invitation to grant any power of attorney, consent or authorization in relation to any securities or in relation to potential transactions and does not constitute an offer to sell or an invitation to make an offer to purchase any BUJA securities, nor will there be any sale of such securities securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offer of securities may be made except by means of a prospectus meeting the requirements of the Securities Act.

Important additional information regarding transactions reported to the SEC

In connection with the Special Meeting, the Company filed a definitive proxy statement (the “Proxy Statement”) with the SEC on June 7, 2024. The Proxy Statement contains information about the proposals to be approved at the Special Meeting.

Investors and security holders are advised to read carefully and fully the Proxy Statement and all other relevant documents filed with the Company as they contain important information relating to the proposals to be approved at the special meeting. Investors and security holders will be able to obtain copies of these documents (if and when available) and other documents filed with the Department of the Treasury free of charge at www.sec.gov.

Participants of the Invitation

BUJA and its respective directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies from BUJA shareholders with respect to the proposals to be approved at the Special Meeting. Information regarding BUJA’s directors and executive officers is available in BUJA’s filings with the SEC. Additional information regarding the persons who may, under SEC rules, be deemed to be participants in the solicitation of proxies with respect to the proposals to be approved at the Special Meeting, and a description of their direct and indirect interests, through securities holdings or otherwise, will be included in the Proxy Statement when it becomes available.

Contact info:
Seck Chyn Foo

General Director
Bukit Jalil Global Acquisition 1 Ltd.
+60122109795
[email protected]