I nvestors in Singapore’s battered special purpose acquisition companies (spacs) may find wisdom in comic books. Captain America is a super-hero whose exploits have been featured in movies.He is an immensely muscular and agile soldier. Captain America saves the world from alien terrorists. His mai...

VERTEX Technology Acquisition Corporation (VTAC) made history as the first special purpose acquisition company (SPAC) to list on the Singapore Exchange (SGX) on Jan 20, 2022.

INVESTORS have been trading in units of 3 special purpose acquisition companies (SPACs) on the Singapore Exchange (SGX) since January 2022, following the listing of Vertex Technology Acquisition Corporation (VTAC), Pegasus Asia and Novo Tellus Alpha Acquisition.

In March 2022, the three Singapore Exchange (SGX)-listed special purpose acquisition companies (SPACs) will undergo detachment where they will split into SPAC shares and SPAC fractional warrants. Units in Pegasus and Vertex Technology Acquisition Corporation (VTAC) will detach on March 7, while unit...

INVESTORS have been trading in units of 3 special purpose acquisition companies (SPACs) on the Singapore Exchange (SGX) since January 2022, following the listing of Vertex Technology Acquisition Corporation (VTAC), Pegasus Asia and Novo Tellus Alpha Acquisition.

Vertex Technology Acquisi­tion Corporation (VTAC), a Vertex Holdings’ spac, plans to acquire business­es at the forefront of tech­nology transformation, creating long-term value for its target company and stakeholders. VTAC aims to ac­quire or merge with value-creating businesses at a fast-gro...

Challenges such as ease of exit remain, but Southeast Asia private equity deals continue to trend up Southeast Asia is home to an increasing number of fast-growing tech unicorns. On Dec 1, 2021, car marketplace Carro reportedly raised US$100 million ($136.48 million) from a number of investors, acco...

As we entered into the year of the Tiger, a curious phenomenon appeared to be brewing in the market — and I am not referring to the hops in Tiger Beer we drink when visiting relatives (up to five visitors a day per household). Neither am I referring to the tea we drink to “wash away” the copio...

The Singapore Exchange (SGX) can be a “very viable pillar” for companies seeking a dual listing in an Asian timezone, says SGX CEO Loh Boon Chye. A secondary listing on SGX will give these companies “24-hour liquidity across a global investor pool”, he adds. Speaking at a media briefing ahea...

Units in Pegasus Asia spac opened at $5.01 on its first day of trading on the Singapore Exchange (SGX). The spac is trading under the stock code “PGU”. The trading price is a slight 0.2% higher than the spac’s offer price of $5. Pegasus Asia, on Jan 20, announced that its public tranche of 600...

Quoteworthy: "Stakeholder capitalism is not about politics. It is not a social or ideological agenda. It is not ‘woke’" — Larry Fink, CEO of the world’s largest fund manager, BlackRock, arguing that ESG is about making profits too Singapore’s first spac VTAC opens at $5.25, closes at $5.0...

UNITS of Vertex Technology Acquisition Corporation (VTAC) closed at S$5.05, up 1.0 per cent or S$0.05 above its initial public offering price of S$5 on its trading debut.

Pegasus Asia, the spac of sponsor group Tikehau Capital, Financière Agache, Diego De Giorgi and Jean-Pierre Mustier has seen its public offer of 600,000 units 7.8 times subscribed as balloting closed on Jan 19. In a filing, the spac said its international offering of 25 million placement units was ...

UNITS of Vertex Technology Acquisition Corporation (VTAC) began trading at S$5.25 on the mainboard of the Singapore Exchange, up 5 per cent or S$0.25 above its initial public offering price of S$5.

Shares in Singapore’s first special purpose acquisition company (SPAC) Vertex Technology Acquisition Corporation (VTAC) opened at $5.25 on its first day of trading on the Mainboard of the Singapore Exchange (SGX) on Jan 20. The SPAC is trading under the stock code, "VTA". The price is 5% higher th...