Vertex Technology Acquisition Corp (VTAC)

Novo Tellus says it will not de-Spac, citing market conditions

NOVO Tellus Alpha Acquisition (NTAA) will not conclude a business combination after “careful consideration and thorough evaluation of potential targets”, and taking into consideration current market c...

Ng Jing Shen (left), chief technology officer of 17Live. The livestreaming platform listed on the Singapore Exchange after completing a business combination with Vertex Technology Acquisition Company.

Livestreaming platform 17Live aims to convince investors of booming content creator industry

LIVEstreaming platform operator 17Live Group is confident that investors will eventually come to understand and invest in the booming content creator industry.

17Live mainly operates in Japan and Taiwan.

17Live tumbles 19% in mainboard debut after VTAC de-Spac

SHARES of live-streaming platform 17Live Group closed 18.8 per cent or S$0.73 lower at S$3.15 on Friday (Dec 8), the company’s first trading day following the completion of its business combination wi...

The number of outstanding shares used to calculate the redemption price includes the shares held by Venezio and the sponsor Vertex Venture Holdings, but excludes the promote shares, says VTAC.

VTAC to pay redemption price of S$5.01 on Dec 8

VERTEX Technology Acquisition Corporation (VTAC) will pay S$5.01 per share to shareholders who have exercised their redemption rights.

These shareholders have exercised their redemption right for some 26 million shares as at the redemption record date, which amounts to about 62.5 per cent of the company’s issued share capital of 41.6 million shares.

Independent VTAC shareholders redeem nearly all capital, approve 17Live combination

VERTEX Technology Acquisition Corp’s (VTAC) shareholders will redeem close to two-thirds of the share capital of the special-purpose acquisition company (Spac). They have approved the Spac’s business ...

VTAC, led by non-executive chairman Chua Kee Lock, has endorsed the merger, citing 17Live’s strong management, the potential for scale and its alignment with Vertex Holdings’ areas of expertise.
INSIGHTS FROM CFA SOCIETY SINGAPORE

What retail investors should know about Vertex Spac’s business combination with 17Live

The merger requires careful due diligence by investors who need to understand the de-Spac process and be mindful of risks

Turn Capital partners (from left) Shang Koo, Ho Kheng Lian and Joseph Phua are targeting deals in the consumer and technology sectors.

Turn Capital eyes more undervalued assets after Flash Coffee Thailand buyout

TURN Capital, the firm started by the co-founder of live-streaming operator 17Live, has raised its maiden fund to invest in business turnarounds in the consumer and technology sectors.

The move is subject to the completion of its proposed business combination with live-streaming operator 17Live, the special purpose acquisition company says.

VTAC to raise S$3 million from Pipe investors on successful business combination

Vertex Technology Acquisition Corporation (VTAC) on Tuesday (Nov 21) said it will issue 600,000 new shares at S$5 apiece to private investment in public equity (Pipe) investors to raise some S$3 milli...

Phillip Securities says VTAC shareholders should redeem their shares at the price range of S$5 to S$5.02 apiece.

Phillip Securities: VTAC investors should vote for 17Live acquisition, fully redeem shares

PHILLIP Securities on Monday (Nov 20) recommended that the shareholders of Vertex Technology Acquisition Corporation (VTAC) vote in favour of its proposed acquisition of live-streaming operator 17Live...

The expected completion of the deal would be on Dec 8, when the SPAC will trade under the new name 17LIVE Group, if the transaction is successful.

VTAC utilises S$10.4 million of interest earned from IPO proceeds to cover listing costs, other expenses

INTEREST earned from proceeds raised in the initial public offering (IPO) of blank-cheque company Vertex Technology Acquisition Corporation (VTAC) has been utilised to cover costs and other expenses.