What happens on the detachment dates of SGX SPACs?
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Singapore
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.
The units of these SPACs will soon undergo detachment in March, where they will split into shares and fractional warrants of the SPAC.
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