- Global IBO Group Ltd. (GIBO) completes merger with Bukit Jalil Global Acquisition 1 Ltd. (BUJA, Financial).
- Trading on Nasdaq begins May 9, 2025, under ticker symbols "GIBO" and "GIBOW".
- GIBO offers AI-powered tools to over 72 million registered users in Southeast and South Asia.
Global IBO Group Ltd. ("GIBO"), an AI-driven animation streaming platform, has successfully completed its business combination with Bukit Jalil Global Acquisition 1 Ltd. ("BUJA"), a special purpose acquisition company (SPAC). This merger will allow the combined company to start trading on the Nasdaq Stock Market under the ticker symbols "GIBO" and "GIBOW" on May 9, 2025.
GIBO, which boasts over 72 million registered users across Southeast Asia and South Asia, focuses on integrating AI technology into content creation. The platform offers a comprehensive suite of tools including voice synthesis, image generation, scriptwriting, storyboarding, and audio-visual synchronization. These tools empower creators to efficiently produce localized and engaging content through advanced AI capabilities.
The merger was sanctioned by BUJA shareholders during an Extraordinary General Meeting on March 31, 2025. The alignment with Nasdaq is poised to enhance GIBO's visibility and access to capital markets, strategically positioning the company in the rapidly evolving AI-enhanced entertainment sector.
Dereck Lim, Chairman of the Company, and Zelt Kueh, CEO, emphasize that this merger marks a pivotal moment for GIBO, signifying investor confidence and setting the stage for future AI-driven innovations in content creation and storytelling on a global scale.
