Bukit Jalil Global Acquisition 1 Ltd. Announces Increase in Monthly Extension Fee in Connection with Proposed Charter Amendment

New York, NY, 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 stockholders to be held on June 28, 2024 at 9:00 p.m. (the “Special Meeting”), the Company has revised the terms and conditions of the proposed amendment to the Company’s current charter (the “MAA Amendment Proposal”) and the proposed amendment to the trust agreement with the trustee of the Company’s trust account (the “Trust Amendment Proposal”). The revised terms and conditions include, among other things:

If shareholders approve the AAM Amendment Proposal and the Trust Amendment Proposal, the Company will have until June 30, 2025 to complete an initial business combination by depositing the Monthly Extension Fee (as defined below) into the Company’s trust account (the “Trust Account”). Each Monthly Extension Fee payment will allow the Company to extend the date by which the Company must complete a business combination by one month (the “Monthly Extension”). To effect each Monthly Extension, the Company’s sponsor and/or its nominee will deposit $100,000 for all remaining public shares in the Trust Account (the “Monthly Extension Fee”). The first monthly extension fee following approval of the AAM Amendment Proposal and the Trust Amendment Proposal must be made by June 30, 2024, while the subsequent monthly extension fees must be deposited into the trust account by the 30th of each subsequent month through June 30, 2025, if the Company elects to extend

For further information, you may refer to the current report on Form 8-K which will be filed by the Company with the SEC on or about June 24, 2024.

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

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

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

About Bukit Jalil Global Acquisition 1 Ltd.

Bukit Jalil Global Acquisition 1 Ltd. is a blank check company, also commonly 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 (the “LOI”) with Global IBO Group Ltd (“Global IBO”), which describes the terms and conditions of a possible business combination involving Global IBO . and its subsidiaries (the “Proposed Transaction”). The letter of intent is on a non-binding basis and no agreement providing for any proposed transaction or any other transaction or the participation of either party therein shall be deemed to exist unless and until that final agreements have been signed. As of the date hereof, the Company has not entered into any definitive agreement to effect a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or business consolidation. similar businesses with one or more businesses or entities.

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the 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,” “wants,” “seeks,” or other similar expressions. These statements may include, but are not limited to, statements regarding the date of the special meeting and the extension of the deadline for submitting a redemption request. These statements are based on current expectations as of the date of this press release and involve a number of risks and uncertainties that may cause actual results to differ materially. The Company undertakes no obligation to update or revise these forward-looking statements, whether as a result of new developments or otherwise. Readers are cautioned not to place undue reliance on forward-looking statements.

No offer or solicitation

This press release does not constitute a proxy statement or a solicitation of a proxy, consent or authorization with respect to any securities or with respect to any potential transactions and shall not constitute an offer to sell or the solicitation of an offer to buy any securities of BUJA, nor shall there be any sale of these 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 Filed with the SEC

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

Investors and security holders are advised to read carefully and in their entirety the proxy statement and any other relevant documents filed with the SEC because they contain important information about the proposals that will be approved in the extraordinary meeting. Investors and security holders will be able to obtain free copies of these documents (if and when they are available) and other documents filed with the SEC at www.sec.gov.

Participants in the solicitation

BUJA and its respective directors and officers and other persons may be considered participants in the solicitation of proxies from BUJA stockholders with respect to the proposals to be approved at the Special Meeting. Information regarding BUJA’s directors and officers is available in BUJA’s filings with the SEC. Additional information regarding persons who may, under SEC rules, be considered participants in the solicitation of proxies relating to the proposals to be approved at the Special Meeting and a description of their direct and indirect interests, by holding securities or otherwise, will be contained in the proxy statement when it becomes available.

Contact details:
Seck Chyn Foo

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