Bukit Jalil Global Acquisition 1 Ltd. Announces Closing of $57.5 Million Initial Public Offering Including Full Exercise Of Underwriters’ Over-Allotment Option

New York, June 30, 2023 (GLOBE NEWSWIRE) -- Bukit Jalil Global Acquisition 1 Ltd. (the “Company”), a blank check company incorporated in the Cayman Islands, today announced the closing of its initial public offering of 5,750,000 units (which includes full exercise of the underwriters’ over-allotment option) at a price of $10.00 per unit for aggregate gross proceeds of $57.5 million. Each unit consists of one ordinary share, one-half of one redeemable warrant and one right to receive one-tenth of one ordinary share upon consummation of an initial business combination. Each whole redeemable warrant entitles the holder thereof to purchase one ordinary share at an exercise price of $11.50 per share. The units commenced trading on The Nasdaq Capital Market (“NASDAQ”) under the ticker symbol “BUJAU” on June 28, 2023. Once the securities comprising the units begin separate trading, the ordinary shares, warrants and rights will be listed on NASDAQ under the symbols “BUJA,” “BUJAW,” and “BUJAR,” respectively.

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